Fed Meeting Effect
Posted On: April 29th, 2009 by James Posted In: Government Actions • Mortgage Rates
The result of today’s Fed meeting is that they are leaving their key interest rate unchanged. Their optimistic tone about the “easing of our recession” has created a huge surge in the market place. Stock market is going up, a lot of money is leaving bonds and mortgage backed securities which is forcing fixed mortgage rates higher.
Click here for a great article on the topic.
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