
Market Update Week Ending June 22, 2012
Thanks to Jackie Fowler for this weeks market update...
Despite historic Greek elections and a highly anticipated Fed meeting, it was a surprisingly quiet week for mortgage rates, since neither event shed much light on investors' primary questions. As a result, mortgage rates ended the week with very little change.Investors hoped that the two big events this week would remove some of the uncertainty that has hung over financial markets for months, but they were mostly disappointed on that front. On Wednesday, the Fed extended the duration of Operation Twist through the end of the year. This was the middle ground between adding no additional stimulus and implementing a third round of quantitative easing…