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.