Harker: Banks tell Fed there is almost no activity for first-time home buyers

<ul><li>Seeing some increase in consumer credit trouble but not a major concern yet</li><li>Prefers core inflation measures to headline</li><li>Commercial real estate risks are a concern, cites downtown office space</li></ul><p>A 30-year fixed mortgage is running at about 7.7% right now, so it's no surprise that first time home buyers are struggling to pay up.</p>

This article was written by Adam Button at www.forexlive.com.