Another Fed move.

by

Today, the Fed’s announced a cut in the Federal Funding rate by 0.25%.  For a brief idea of what this move will and will NOT do to mortgage rates, check out the posts below.  Remember, usually, DOWN (Fed Funds) means UP (mortgage rates) and UP means DOWN . . . look for mortgage rates to go up for now.  Friday’s job’s report may give the bond market a little more direction for the coming weeks.

pic_bustaben.jpg

For a full and detailed article on the Fed news from today, go to this article in the AJC.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: