Waiting for the Fed

Ahead of next week’s highly important Fed meeting, there was little significant news this week. The US plans for Syria will take some time to decide, so it had little influence on mortgage rates. The majority of the economic data released this week fell short of expectations, which helped mortgage rates end the week a…

Jobs Fall Short

A lack of US military action in Syria caused investors to reverse last week’s safety trade, while mixed economic data was roughly neutral. As a result, mortgage rates ended the week higher. Since Fed officials have tied future policy changes to the performance of the economy, investors have reacted strongly to incoming economic data. Nearly…