Rates

Well the much anticipated fed remarks about the economy was good news for the bond market and not so good for the stock market. The stock market is down a little bit while the bond market is flat. That is OK. Rates will conntinue to stay low until some economic news come out and change that. The Fed acknowledged that the economy was a little bit sluggish, but they provided no additional plans for any stimulus measures. They think that economic growth should pick up soon. They made the statement that they are going to maintain the course, but that doesn't really say much about where they are headed. And that is what the market does not like. So in reality nothing new was said. Same o, Same o and Same o. Have a great day and let me know if I can help. Thanks

Russ TrumanTruman Mortgage, Inc.Phone 435-787-9400Fax # 435-787-4900russ@trumanmortgage.com