November 2013

Found 1 blog entry for November 2013.

I am watching the Fed very carefully.  The Fed has been flooding money into the bond market in an effort to keep interest rates very low.  This action by the Fed is called Quantitative Easing.  This is the 3rd time that the Fed has engaged in this aggressive bond purchasing activity, hence why it is called QE3.  The Fed has also hinted that they will be weaning off this program.  What this may mean for you is that interest rates may rise when the Fed stops buying bonds.  I have talked to several lenders and they do anticipate a jump in interest rates, possibly by as much as a full percentage point when the end of QE3 is announced.  I am keeping an eye on this carefully.  Previous bond watchers were calling for a QE3 taper as early as this fiscal quarter;…
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