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Friday, May 16, 2008 
 
Market Risk - US Mortgage Rates Drift Lower Amid Hopes of Market Recovery

Freddie Mac (NYSE:FRE) yesterday released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.01 percent with an average 0.6 point for the week ending May 15, down from last week when it averaged 6.05 percent. Last year at this time, the 30-year FRM averaged 6.15 percent.

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Energy Risk – What People Know and Don’t Know About Energy & Environment

I recently attended Goldman Sachs' third annual alternative energy conference in New York, along with 1,000 others. The take away is that is there is increased investor interest in the sector, but the key stumbling block is still the lack of regulatory certainty for the deployment of more capital. Public policy in the climate change arena is diffuse as a patchwork of state actions has replaced the lack of federal action on both energy and environmental issues.

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