Freddie says rates to stay low

The Bond markets are being pressured lower today on positive economic news from Germany and as the Treasury gets set to sell a boatload of government Notes and Bonds this week. There were no major economic reports released today.

The Federal Reserve members kick off their last scheduled Federal Open Market Committee meeting today with the monetary policy statement to be delivered at 12:30pm ET on Wednesday.

In housing news, Freddie Mac reported yesterday that home loan rates should remain near record lows through the first half of 2013. Freddie went on to say that rates could rise in the second half but should remain below 4%.

I will continue to recommend a Cautiously Floating bias. If anything changes, I will get back to you.

Leonard Winslow
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