HomeLoans Blog

Wow - Federal Reserve statement seemed very interest rate friendly
August 10th, 2010 3:42 PM

The Federal Reserve came out today indicating the economy needs more liquidity - interpretation is that they will continue to reinvest in the mortgage and treasury securities.

This will keep demand high for bonds and keep pressure on interest rates to drift even further lower.

Here is the FOMC brief statement released today.


Posted by Richard Smith on August 10th, 2010 3:42 PMPost a Comment (0)

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