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What’s Ahead For Mortgage Rates This Week – November 4, 2013

November 4, 2013 by Robby Oakes Leave a Comment

Last week’s economic news came from a variety of sources. Most significant was the Fed’s Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities.

The FOMC statement announced the committee’s intention to closely monitor economic and financial developments “in the coming months,” which suggested that the FOMC is taking a wait-and-see position on reducing its $85 billion monthly asset purchases.

Filed Under: Housing Analysis Tagged With: Housing Analysis,Housing Market,Mortgage Rates

Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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