Tuesday, April 3, 2012
The meetings from the most recent Federal Reserve Board meeting were released today. There was still no mention of QE3 (good in my opinion), and the MBS (mortgage backed securities) market reacted very poorly to the news. At this posting the market is down 78 bps and has given back everything it gained in the last week. That all being said, rates are still amazing, and buying a house right now is a great idea. Banks, put your foreclosed houses on the market, they will move!