With a cadre of economic heavyweights voicing their opinion that the economy may not be so bad off, rates rose again this week.

Investor Warren Buffet offered to reinsure $800 billion worth of municipal bonds, sending waves of relief into the municipal bond markets, despite the rebuff of his offer so far by several bond insurers.

President Bush signed into law this week an economic stimulus plan that raised the maximum conforming loan amount as well as the maximum FHA loan amount in many areas of the country.

Treasury Secretary Paulson and Fed Chief Bernanke testified to the Senate this week, and in testimony stated that they don't believe the United States is headed for a recession in 2008.

Credit markets reacted and rates continued to rise this week.

Published on February 15, 2008