The Federal Reserve announced the decision after a meeting of its board of governors
Fed Chairman Ben Bernanke said in a press conference Wednesday that the Fed would most likely continue to wind back purchases, $10bn at a time over the next several meetings of its rule-making committee. However, he said, that decision was more of a flexible guideline than a hard-and-fast policy
What does the taper mean for mortgage rates? Well, it all depends on how fast the Federal Reserve winds down the rest of its bond-buying program
Fixed mortgage rates rose slightly this week leading up to the Federal Reserve’s decision to wind back its bond-buying program
While many originators aren't thrilled with the timing of the taper, it's not the end of the world
The Federal Reserve said today that it would begin to wind down its $85bn-per-month bond-buying program
Mortgage application volume fell to its lowest level in more than a dozen years last week