All eyes on the Fed meeting
Posted January 23, 2012
Flat trading for the DJIA, Bonds and Mortgage Rates as we begin the week. No economic data being released until Wednesday – many eyes will be focusing on the Fed Minutes as they adjourn their two-day meeting on Wednesday. We may get some additional guidance as to potential QE3 movement as well.
We’ve had some upward pressure on Mortgage Rates over the last few trading sessions – with the focus shifting to Europe and the Greek Debt issue. Speculation of a resolution on the horizon has diminished the scope of need for funds to head into the safe haven of treasuries… the real question is – once a resolution has been established – will the implementation of that plan be a smooth process during its execution?
Overall Mortgage Rates are still at very attractive levels for home buying and refinancing here in the Triangle.