Mortgage Weekly Update - Last Week in Review - Home loans unchanged
Foster Weeks does a weekly mortgage update.===================================
"...the last Fed meeting gave the indication that inflation was under control, as the official word following the meeting was that the Fed again elected to pause in the rate hike cycle...the inside story spun a bit of a different tale. Last Wednesday, the 'Meeting Minutes' from the last Federal Open Market Committee policy-setting meeting were released, giving the details of the dialogue amongst the attending members, including those who did not vote in the last meeting. As it turns out, the comments reeked of continued concerns about inflation in the economy. And because inflation erodes the value of a fixed-return Bond, it's bad news for Bonds - and therefore home loan rates, which are based on Bonds. On all this news, home loan rates were unchanged to slightly worse, about .125% higher over the course of the week"... read on.
- Foster Weeks
posted by SFResidence.com @ 7:30 AM
0 Comments:
Post a Comment
<< Home