Mortgage Market Update

August 12, 2009 · Posted in News For Homebuyers 

Well, the trend continues to reverse itself today.  The hammering that the bond market and mortgage rates took last week with the corresponding rise in the stock market is unwinding this week.

What else is happening?  Well, there’s a lot of people who are watching and waiting to see what the Federal Reserve’s Open Market Committee (kind of ironic that an open market committee meets behind closed doors) will announce tomorrow at 2:15.   Expect the overall market to be in a holding pattern for now.

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