June 17th, 2013 1:34 PM by Gary Schiller
As you’re all aware, mortgage interest rates have been increasing for the last 6 weeks. The week ahead may see more of the same, due to several market moving news items, such as Housing starts, Builder confidence, Inflation, and Federal Reserve Policy, which will be released at 2:00PM on Wednesday, June 19.
Fasten your seatbelts for a wild ride regarding interest rates and stock prices. The statement made by the Fed on Wednesday, will probably create continued market volatility. We all want the answers as to when the Fed begin tapering QE 3, and by how much. Since it’s unlikely we will get full answers, there will be a lot of interpretation as to the Fed’s message, and that may cause more confusion.
Thanks!
Gary