Mortgage News Update

home mortgageIt’s a big week for economic news. Today, the Federal Open Market Committee (fondly known as the “Fed”) met. Interest rates were left untouched, but supporting commentary has tongues wagging. You can read the full press release here.

To help us mere mortals wade through the jargon and the sometimes not so obvious implications, I’m providing a guest post from Lance Kinkead from First Capital Mortgage, complete with recommendations:

This week’s FOMC meeting has adjourned with no changes to key short-term interest rates, as expected. However, also as expected, we are seeing some volatility in the bond market because of comments made that affect future changes to key short-term interest rates. The most notable was Continue reading “Mortgage News Update”