Federal Reserve Board "The Fed" leaves rates alone

Today's decision by the Fed to leave interest rates alone sends a mixed message. Regardless of if they had lowered or raised rates, Mortgage Rates would have gone up...that's just the way that the banks have been playing. With the Fed's job is to stop inflation. We're facing Inflation, big-time, so you basically have a brief reprieve before the Fed finally takes the foot off of the brake and on to the gas. It's a total double-edged sword. With such volatility in the economy and the world, the message from the Fed may be "Come On America, let's rally." This is your last stand to take advantage of today's mortgage rates, because when the Fed does address the inflation, it will be aggressive, head-spinningly fast. Don't delay. Take action. Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/