Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Market is reversing rapidly after Federal Reserve meeting minutes release
« 10 Year Treasury Note has risen | Main | UK mortgage industry is booming »
January 03, 2006
Market is reversing rapidly after Federal Reserve meeting minutes release
Minutes released from Federal Reserve meeting held on December 13th, suggest a near end in interest rate hikes. That policy has been in place for about 2 years, and since June 2004, the Fed has raised rates 13 times pushing prime to 4.25%, the highest it has been in 4.5 years.
The most important change was that the Fed dropped language, describing interest rates as being too low, or accommodating. It usually signals that there are quite a few hikes still to come. Market responded immediately completely reversing itself from the morning decline.
Posted in Mortgages at January 3, 2006 01:47 PM
Recent Entries
- NatWest has new fixed mortgage for UK consumers...
- Mortgage in Australia is not tax deductible...
- Mortgage calculator...
- Payday cash loan - from North Carolina to South Carolina...
- Debt collection agencies are hired by IRS...
- New fixed rate mortgage for UK consumers...
- Manhattan condo prices up 20 percent...
- Twin Cities real estate sales keep falling...
- 30 year mortgage jumps the highest in 2.5 years...
- Identity theft in Canada is growing...
Email this entry to a friend
Welcome
Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.
Categories
Archives
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
Recent Entries
- NatWest has new...
- Mortgage in Aus...
- Mortgage calcul...
- Payday cash loa...
- Debt collection...
- New fixed rate ...
- Manhattan condo...
- Twin Cities rea...
- 30 year mortgag...
- Identity theft ...
