Treasury yields and mortgage rates are lower once again today as equities suffer.  Despite efforts to contain the financial crisis in Europe, the situation seems to be deteriorating.  The minutes released this week from the last Fed meeting indicated that it will be some time before the Fed starts to sell its MBS portfolio.  Additionally, the minutes indicated the financial developments overseas had a big influence on maintaining the current policy.  Throughout the minutes, it was evident that the Fed will be on hold indefinitely as any increase in interest rates could intensify the European problems and create a spillover effect on the U.S. economy.