The Federal Reserve is expected to announce a tapering of its bond
purchase program Wednesday, which could have a big impact on mortgage
rates.
The Fed has been purchasing $85 billion per month in long-term U.S.
Treasuries and mortgage-backed bonds in a move known as "quantitative
easing." The bond-purchase program has helped to keep mortgage rates at
or near record lows in recent years.
On Wednesday, the Fed is to provide clear indication...
Read Full Article Here: Fed May Announce Bond Tapering This Week
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