the Fed has lowered the fed funds interest rate by 1/2% in the past month, and yields on 10 year treasuries have also gone down 1/2% in the past month, but fixed interest rates for mortgages have gone UP by 1/2% ...

nice collection of charts at

also, fixed interest rates on muni bonds have gone up much more than 1/2% (thanks to auction failures)

also, fixed interest rates on 'bad credit' credit cards, auto loans etc. have gone up by more than 1/2% (thanks to increasing defaults / bankruptcies)


A very good explanation of the 'behind the scenes' reasons for these developments can be found at

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