Weekly Mortgage News

This week will be all about the Federal Reserve’s Open Market Committee Meeting and what effect, if any, it will have on mortgage rates.

For nearly a year the Fed has been buying $85 billion in bonds a month to keep rates low and give at least an indirect boost to employment. Analysts will be watching for any signs that the Fed is close to “tapering” their purchases. 

If there are signs of tapering coming soon, it will likely continue to feed the steady increase in mortgage rates.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s