The ups and downs of the markets continue.
There’s been a little more down than up this week so far, with the DOW closing Thursday down a little more than 200 points for the week. While the decision to leave interest rates untouched has been favorable to MBS prices, the stock market pull back was accelerated as the lack of confidence in the Fed statements caused concern of the overall health of the economy both at home and abroad. We have not seen a “correction” in the markets as some predicted but the roller coaster ride has continued. The next couple of weeks will help shape the direction markets will take.