Rates Dip after Fed decides to hold off on tapering buying of Treasuries and Mortgage Backed Securities

Since May of 2013 mortgage rates have been rising due to the market anticipating a tapering of the Feds treasury and mortgage backed securities program. In a surprising turn of events they decided to not make this announcement today which was a huge coup for those that don’t want mortgage interest rates to rise (i.e.- the mortgage and real estate industries)

Mortgage Rates Much Lower After Fed Keeps Policy Change on Hold

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