Oregon Mortgages

FOMC Meeting adjourned yesterday

It appears they have raised raise by .250 % to key short term interest rates. The financial world has responded in a positive manner with the Dow and Nasdaq rising in points. The bond also raised which will most likely improve rates for us. That is always good news heading into a holiday weekend. The increase was the 17th consecutive rate hike adjustment but was expected to help curb inflation. The fed’s indicated that the economy activity is slowing but inflation risks still remain. There will be 2 reports being published sometime today and I will review them and give a summary in regards to how it will affect the mortgage world next week.