The Mortgage Update

Treasuries are little changed before Bernanke & Co speak at 2 PM after the central bank ends a two-day meeting. The Fed’s scripts is already out the question is--will they stick to it. Investors are waiting for any indication that the central bank will slow the pace of bond purchases. Especially, after reports showed inflation stayed below the Fed’s target and housing starts trailed the economist forecasts. The market could move significantly in either direction we just don’t know which one yet…