Florida Mortgage Rates – FED Decision

by Florida's #1 Mortgage Planner on September 16, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -25bp

Against the belief of many, Bernanke and his buddies decided to leave the Fed Funds Rate unchanged, a move I applaud.  Unfortunately, mortgage bond traders didn’t like the news and bonds are set to tumble.  I will get more details on the Fed Policy Statement, which is more important than the decision itself, in a later mortgage rates report.

Leave a Comment

Previous post:

Next post: