OK - so it is early in the morning and I couldn't think of much more.
We're expecting to see a 1/2 point cut in rates today. But other economic data is going to be the bigger surprise as the markets have already priced in the rate drop to the Fed Funds rate.
The link below shows the calendar of other data being released this week:
http://originatortimes.com/content/templates/brm.aspx?articleid=549&zoneid=2
The biggest issue is still inflation - if the market feels that the cuts by the Feds are too aggressive, stoking inflation, we could actually see an INCREASE in mortgage rates. The following LA Times article gives you some insight to this:
http://www.latimes.com/business/la-fi-fed29jan29,1,7644615.story
I will keep you posted on the outcome later this afternoon.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment