Weekly Update | September 13, 2013
Mortgage rates improved most of the week alongside of a dovish Fed-policy tapering outlook, in the midst of last Friday's dismal payroll releases, as there were no heavy economic releases until late in the week. Markets continued to focus on the Syrian crisis and next Wednesday's FOMC meeting, as traders speculate when the Fed will announce its policy-tapering window and who will replace Fed Chairman, Ben Bernanke. While Syria accepted a Russian proposal to surrender its chemical weapons to an international body, President Obama stated that he remains ready to order a U.S. missile strike against Syria if Russia should fail to retrieve weapons.
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