Fed Day - You have 15 minutes to respond!

Hi Active Rain Community,

I received this email from Bob Buchanan, a local mortgage specialist that I depend on for not only my buyers but also myself on upper end loans.  Any guesses which way it will go before the next 15 minutes are up?

"It's Fed Day and at 2:15pm Eastern Time, the Federal Reserve Board will release their interest rate decision and Monetary Policy statement. At the moment, Mortgage Bonds are basically in a holding pattern, just slightly up in advance of the news. My sources don't anticipate a cut by the Fed but we are watching for a potential reaction following the release which might necessitate a locking action. For now, we are in a floating stance in advance of the Fed announcement. If you have questions about what is happening in the market, please don't hesitate to call."

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE 2-10 Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI Realtor®
Rob's Blog at www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (four convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
112 E. 10th, Eudora, KS  66025 
1037 Vermont, Lawrence, KS  66044
3300 Clinton Parkway Ct., Lawrence, KS  66044
300 Rockfence Place, Lawrence, KS  66049
785-393-2274 (cell)   206-339-3199 (fax)
Voice Messages may be left Toll Free at 866-800-5353
langrob@sunflower.com
http://www.letrobdoit.com/
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