Rates are pulled back by about 1/8 of a percent from last week, and the bond market seems to be settling down a bit with less volatility. The Federal Reserve meets Tuesday and Wednesday. The futures markets are indicating that the FED is not expected to raise short-term (Prime) rates. Although most analysts agree that they are collectively addressing inflation fears. My personal feeling is that rates might move slightly lower after the Fed meeting.

Labels: Finance, Mortgage Rates