HomeLoans Blog

Federal Reserve comments pointed to some weakness in the markets which are good news for bonds. Mortgage rates have continued to improve as a result.

The Federal Reserve statement is here.

An example of the bearish feel with the Fed comments - changing the phrasing of prior reports that the recovery is "strengthening" to the recovery is "proceeding."

Combined with high unemployment and bad national housing numbers - drop in the equity market with movement to the bond markets. GOOD FOR RATES.

More later on the present trends. And the just released Chattanooga housing figures are better than the national figures. Go Chattanooga! More on that also.