whats ahead for mortgage rates this week may 23 2011: What's Ahead For Mortgage Rates This Week : May 23, 2011 - 05/23/11 12:45 PM
Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates in Minnesota budged.
Instead, markets grappled with the just-released Fed Minutes which weighed heavily on investors and on Wall Street.With the release of the minutes, it's increasingly clear that the Federal Reserve will end its support for bond markets on schedule in June, and that a Fed Fund Rate hike is possible within the next 12 months.
Not surprisingly, the date of the Fed Minutes release - Wednesday - was the singular "down … (0 comments)