Monday, May 3, 2010

Did somebody say change?

Last Week in Review: Little change came from the Fed's latest meeting. Find out what that means for home loan rates, and also why Greece is still the word!

Forecast for the Week: Two juicy economic reports bookend the week, bringing highly anticipated news on inflation and the labor market.

View: Learn more about Cinco de Mayo and its connection to the United States!

Last Week In Review

They say "the only constant is change...", yet last week's meeting of the Federal Open Market Committee ended without any major changes...no change to the Fed Funds Rate, and no change to the now-famous verbiage in their Policy Statement, stating that rates will remain low for an "extended period" of time. While the Fed does not control home loan rates, what does all this mean for those seeking home financing in the months ahead, want more?

As always, let us know what you think. Give us a call or post your questions, in the comments section, about this blog or any insider info you may want to know.

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