Mortgage Rates and Default Risk Charts

A couple of weeks ago, credit crisis watchers were focused on rapidly rising 30-year fixed mortgage rates as well as the spiking cost to insure against corporate debt default.  As shown in the charts below, default risk still remains extremely elevated, but at least the 30-year fixed mortgage rate has come down from the 6.5% level to about 6.2% over the last few weeks.

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