fed funds discount rate cut: Mortgage Market Update - Wednesday, October 31st - Happy Halloween!
- 10/31/07 02:16 AM
So how many of you spent time this week raking ALL of your leaves! In my neighborhood, we have a ton of trees and it's a beautiful place to live. But in the fall? Let's just say it's not my FAVORITE time of the year! But at least a 3 foot child won't disappear in my front yard because of all of the leaves! Now to business........... Today is Fed day. At 2:15pm ET, the Fed will release it's monetary policy decision and statement. Meantime, Bond prices are trading a little lower, currently -9 basis points, on some hotter than expected economic news. Third quarter GDP was reported at (1 comments)