by Caliber Home Loans, Inc or special contributors on 11/22/13

Weekly Update | November 22, 2013

Mortgage rates worsened this week after the FOMC (Federal Open Markets Committee) released the minutes from their October meeting, stating that Fed-policy tapering may occur in the "upcoming months" while consumer sentiment remains "unusually low". The minutes further stated that while there are several significant risks within the U.S. economy with little economic change since September, economic growth is expected to increase. The FOMC mentioned that while the housing recovery has slowed, fiscal policy is restraining economic growth, as further improvement in the labor markets and a moderately expanding economy may warrant tapering soon.  Read More by clicking here:  Dallas Mortgage Lending Blog