The Fed meeting has led to another 1/2% cut in rates, but as I mentioned this morning, the markets had already anticipated this cut in their trading. Mortgage backed securities actually fell this monring causing a small increase to rates.
I will continue to monitor events closely as there is much expected in the way of more economic news this week.
Those of you on the Rate Watch monitor should expect almost immediate notifications as the markets change.
-Jon
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment