RATES MOVING UP! The Fed may begin reducing it bond purchases as - TopicsExpress



          

RATES MOVING UP! The Fed may begin reducing it bond purchases as soon as September. This reality is unnerving the stock and bond markets today even though this was not unexpected. The markets have been propped up by the Feds actions, which were needed to help re-float the economy. The concern now is whether the markets herd mentality turns into a stampede. Mortgage rates for Fannie Mae and Freddie Mac lenders are up about an 1/8th% for the day.
Posted on: Thu, 15 Aug 2013 17:14:13 +0000

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