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

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

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

Bloomberg-

Ben S. Bernanke said the mortgage market is still so tight that he’s having a hard time refinancing his own home loan.

The former Federal Reserve chairman, speaking at a conference in Chicago, 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.”

When the audience laughed, Bernanke said, “I’m not making that up.”

[BLOOMBERG]

Image: Andrew Harrer/Bloomberg

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