Bernanke Says Even He is Having a Hard Time Refinancing

You Know It’s a Tough Market When Bernanke Can’t Refinance

By: By Elizabeth Campbell and Lorraine Woellert

(Bloomberg) – Ben S. Bernanke said the mortgage market is so tight that even he is having a hard time refinancing his own home loan.

The former Federal Reserve chairman, speaking at a conference in Chicago yesterday, 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.” [Read the rest on Bloomberg]