LK Marketing and Real Estate

This week will be all about the Federal Reserve’s Open Market Committee Meeting and what effect, if any, it will have on mortgage rates.

For nearly a year the Fed has been buying $85 billion in bonds a month to keep rates low and give at least an indirect boost to employment. Analysts will be watching for any signs that the Fed is close to “tapering” their purchases. 

If there are signs of tapering coming soon, it will likely continue to feed the steady increase in mortgage rates.