- Mortgage rates moved even further downward than expected last week as the market continued to absorb the Fed’s decision not to begin to taper QE3. Comments from some Fed officials also provided additional insight that the Fed could delay the tapering of its monetary supports a bit longer than many analysts expected.
- Economic news for the week continues to be mixed, with New Home Sales climbing another 7.9%, but multiple indicators of consumer moods moved downward.
- Political brinkmanship may take center stage for mortgage rates again this week, with Washington again flirting with a partial government shutdown. If a last-minute compromise is not reached, mortgage rates
There are 23 blog entries for September 2013.
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- After spending the last few months preparing the market for the tapering of its Quantitative Easing program, the Federal Reserve decided that the economy is not quite ready for a reduction in Fed support. Mortgage rates reacted as expected and moved downward.
- In terms of economic data, the economy is still improving, albeit slowly and still suffering from fits and starts. The Fed again pointed to the weakness in the labor market, and showed some signs of concern for the potential impact of increasing mortgage rates.
- Rates could move either way during the course of the week, as the market continues to digest the Fed’s nochange in policy, and continues to place odds on when the tapering will actually begin. If economic news remains muted, rates