mortgage rate commentary october 25: Mortgage Rate Commentary Week of 10/25/10 through 10/29/10 - 10/26/10 09:00 AM
What Happened Last Week:
Uncertainty about an expected new Fed stimulus program created a lot of movement in mortgage rates during the week. Fed officials offered few details about the program, though. In the end, despite the volatility, the result was just a small decline in mortgage rates for the week.
In an effort to boost the economy, the Fed is expected to begin to purchase additional Treasury securities soon. The big question is how large the program will be.
Investors expect the Fed to reveal the details of the program at its next FOMC meeting on November 3.
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