Instant Home Valuation

Tuesday, September 17, 2013

Fed May Announce Bond Tapering This Week

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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