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May 19

Fed Minutes Put The Heat On Mortgage Rates To Rise

The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened; rates in DC are higher by 1/8 percent this morning, at least. The "Fed Minutes" is published 8 times annually, three week after each scheduled FOMC meeting. The minutes are the Federal Reserve's official recap of the conversations and debates that shaped the prior FOMC session. Another way to consider the Fed Minutes is as the companion … [Read more...]