Mortgage Industry

WeeklyBasis 01/26/04: Fed Meeting This Week, Expect No Change

Rates/commentary for the week of January 26, 2004. Rates opened near all-time lows Monday, then rose about .125% as investors sold bonds (which pushes yields up) to fuel a stock rally on positive earnings news. As earnings continue to pour in this week, we may see more of the same. In addition to earnings, the