Source: Buying A FNMA HomePath Property
Last week was light on economic reports included Consumer Price Index and Core index for September, the minutes of the FOMC meeting held earlier in September, and weekly reports on mortgage rates and new jobless claims.
Minutes of the Federal Open Market Committee meeting held in September suggest that while Fed policy makers have reservations about low inflation and labor markets, but it’s likely they’ll raise they’ll raise the target federal funds rate from its current range of 0.00 to 0.25 percent simply to take the anxiety off the table in financial markets. When the fed does raise rates, some analyst’ expect to see higher mortgage rates, as well as other loan products like personal loans and credit cards, but I think the price has already been built into market rate and we’ll see little movement.
Furthermore, FOMC members revealed they remain concerned about inflation and…
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