Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
All posts in category FOMC Minutes
Fed Minutes Help Push Mortgage Rates To 4-Month High
Posted by Gayle Blonar on November 26, 2010
http://gayleblonarblog.com/2010/11/fomc-minutes-nov-2010.html
Fed Minutes Edge Mortgage Rates Higher
The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.
Posted by Gayle Blonar on October 13, 2010
http://gayleblonarblog.com/2010/10/fomc-minutes-sept-2010.html