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29Apr2009
Author
Dan Green
Filed Under
Federal Reserve
What Is The Federal Open Market Committee And How Does It Change Mortgage Rates? Thumbnail

What Is The Federal Open Market Committee And How Does It Change Mortgage Rates?

Mortgage rates are notoriously volatile when the Federal Open Market Committee meets and today is such a day. Given the current environment of low mortgage rates -- whether you live in Hyde Park, Cincinnati or Hyde Park, Chicago -- there's definitely more chance of mortgage rates rising this afternoon than falling. There's only so much lower rates can go.

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