On Aug. 21st, the Fed released their meeting minutes from the July 31st FOMC meeting. There wasn’t really any meaningful news in the minutes, but that also means that there was no mention of the Fed moving any less quickly than previously announced in the reduction of planned asset purchases. This led to another increase in rats, with 30-year fixed rates now at around 4.75%.
On Aug. 21st, the Fed released their meeting minutes from the July 31st FOMC meeting. There wasn’t really any meaningful news in the minutes, but that also means that there was no mention of the Fed moving any less quickly than previously announced in the reduction of planned asset purchases. This led to another increase in rats, with 30-year fixed rates now at around 4.75%.