When the president of the Federal Reserve Bank of Atlanta speaks, investors listen. At least if that president — Dennis Lockhart — happens to sit on the Federal Open Market Committee, which has been talking for months about when to start “tapering” the Fed’s $85 billion-a-month purchases of mortgage-backed securities and long-term Treasurys.

Comments by Lockhart published today suggesting that the Fed should start tapering as soon as September were not out of line with previous statements from Fed Chair Ben Bernanke, but “it’s almost as if the markets were looking for an excuse to sell,” analyst Ryan Detric of Schaeffer’s Investment Research tells Reuters of today’s stock market slide.

Tapering is also a concern for real estate industry, since it will reduce, and ultimately remove, the artificial lid the Fed’s kept on mortgage rates during much of the downturn. Source: reuters.com.



Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription