Quick Rate Update: Mortgage Bond prices continue to drift a bit - TopicsExpress

Quick Rate Update: Mortgage Bond prices continue to drift a bit higher today, being supported by flat Stock prices and ongoing tame inflation data. Today, the Fed kicks off its 2-day Federal Open Market Committee meeting in Washington, D.C. to discuss the current state of the U.S. economy and monetary policy. There will be no headlines out of the meeting today. But the important Monetary Policy Statement is set to be released tomorrow at 2:00pm ET. I will continue to recommend carefully floating ahead of the Fed statement.

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