Just Try to Refinance. I Dare You

The difficulty homebuyers and owners have had in getting mortgages or refinancing existing loans offers insight into why economic growth has been so disappointing.
When this man can't refi, you know there's a problem. 

The bond market seems to have had its own flash crash this week. The yield on the 10-year U.S. Treasury bond dipped briefly below 2 percent, as panicked equity sellers looked for a safe place to park their cash. Treasuries, of course, are the world's option of choice, the safest and most liquid port during the storm.

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