Florida Mortgage Rates – Fed Report

by Florida's #1 Mortgage Planner on June 25, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  -40bp

Once again, I sometimes hate it when I am right and this is one of those times.  Bernanke and his Federal Reserve buddies show their concerns about inflation as the made their rate decision and policy statement.

Bernanke and the Fed gang decided to leave rates unchanged, as expected and against my wishes.  At the same time, they raised their own expectations of inflation growth.  Once again, the Fed is caught trying to talk up a solution to the problem while their actions show their misplaced faith.

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