Mortgage Rates Slowly Increasing
The Fed is Expected to "Taper" Asset Purchases Starting Next Week
The Federal Open Market Committee (FOMC) meets next week, and expectations are they will announce tapering of asset purchases. From BofA analysts today:
The upcoming FOMC meeting will be important for three reasons: 1) the announcement of tapering; 2) guidance around what tapering means for the path of hikes; and 3) nuanced changes in views around infl…