The Federal Reserve Chairman Ben Bernanke spoke today regarding the Fed's actions of cutting the benchmark lending rate to as low as zero and flooding the banking system with cash. He also indicated that the Fed has the ability and tools to prevent any inflation surge. Then he suggested that the Fed would seek to keep interest rates down for quite a while. Mortgage rates and bond yields most likely will remain in a trading channel for the next few months. This should make it easier to keep escrows moving forward without big interest rate swings creating much havoc.