Daily Market Update 9/23/09

Rates have seen little movement ahead of this afternoon’s Fed announcement. No change in rates is expected, but the Fed may may release important details on the timing of future rate hikes and the status of the mortgage-backed securities (MBS) purchase program. The FOMC statement may have a large impact on MBS prices. There will be a 5-year Treasury auction at 1:00 PM. No economic data will be released today.

Leave a Reply

Your email address will not be published.

Back to top