Industry NewsMortgage

Fed’s ‘patience’ keeps mortgage rates in the fives

Inflation rate needs to rise to nearly 2% before economy can gain speed
Published on Jan 30, 2004

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by CareyBot

The vertical trace on the bond market EKG after the Fed’s Wednesday meeting took mortgages up a quarter-percent, but rates held in the fives, and the more durable damage has been to stocks. The Fed’s substitution of “patience” for “considerable ...