You Know It’s a Tough Market When Ben Bernanke Can’t Refinance His Mortgage
Ben S. Bernanke said the mortgage market is still so tight that he’s having a hard time refinancing his own home loan.
The former Federal Reserve chairman, speaking at a conference in Chicago, told moderator Mark Zandi of Moody’s Analytics Inc. — “just between the two of us” — that “I recently tried to refinance my mortgage and I was unsuccessful in doing so.”
When the audience laughed, Bernanke said, “I’m not making that up.”
“I think it’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,” he said.
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I don’t believe a single word coming from the mouth of this devil. If anything, he is using it as some sort of advertising gimmick to keep his name in the limelight!
Ben makes $250,000 for every speech he gives , 5 speeches -40% in tax is all he needs to pay off his mortgage… I think that he either has an adjustable rate or he wants to cash out and refi a larger balance … either answer spells the same … he sees inflation coming … INFLATION Zimbabwe style.