Tuesday, July 23, 2013

How Bernanke Moved Mortgage Rates Up Nearly 25% On May 22nd

Quoted here May 22nd:


“If we see continued improvement [in the labor market] and we have confidence that that is going to be sustained, then we could in -- in the next few meetings -- we could take a step down in our pace of purchases.”

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The rate was 3.51% on May 16th. On July 18th it's 4.37%.