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Mortgage & Housing Market News from HSH.com
August 11th, 2008

HSH Analyzes Latest Fed Meeting

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In case you missed it, HSH published an article last week after the recent FOMC meeting entitled “Fed Does Nothing, As Expected.” In detail, the article analyzes the reasons behind the Fed’s decision to leave interest rates unchanged:

As the economy remains fragile, the Federal Reserve Open Market Committee decided today to leave key short-term interest rates unchanged. The Fed last made a change to policy in late April, and has been holding steady since then. The Federal Funds Rate remains at 2%, while the “discount” rate — the cost of money for a bank borrowing directly from the Fed — held at 2.25%

Although today’s lack of movement was expected, there have been a varying number of calls from the market for the Fed to at least consider raising interest rates to start to address rising price pressures.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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