Admin

Brief Mortgage Market Update

By
Mortgage and Lending with GMH Mortgage and Century 21 Adams Realty

Good Morning,

Just as expected the Fed held rates steady yesterday and decided against a rate hike or decrease.  They did however say that inlfation remains stubbornly persistent and their # 1 enemy. This in turn caused bond traders to initiate a minor sell off while Wall Street enjoyed a nice boost from the Fed-Speak before close.  With little to no major economic reports today, tomorrow brings two high impact reports which I touched on in yesterday's blog. 

Let me tell you, It's not easy being cooped up in my office with another 80 degree day here in Boston! 

Have a nice day and stay tuned to see what happens tomorrow.

Cheers,

Michael