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Mortgage Rates Sail Through Fed Day Storm; Builder Confidence Just Off Record Levels; Applications Hold Steady

Mortgage Rates Sail Through Fed Day Storm; Builder Confidence Just Off Record Levels; Applications Hold Steady

Today marked the release of an updated policy statement from the Federal Reserve. In other words, it was Fed day! Lots can happen on Fed days--especially those that occur in December. This has increasingly become a month where the Fed unveils a key policy change, or at least a month where a Fed change is seen as a strong enough possibility to get the market's attention. The latter was arguably the case this year, although not in grand fashion. It wasn't as if traders were divided over whether or not the Fed would hike rates or increase the amount of bonds it buys. The Fed's been clear that neither of those strategies will be changing any time soon. Rather, traders tuned in to see if the Fed would make a change to the balance of the bonds it buys. Such a move would have had a positive impact
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