Lisa Eagan

Leagan Realty, Scottsdale Arizona

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Fed Meeting Minutes Reflect Support For Reducing QE Program

August 22, 2013 by Lisa Eagan Leave a Comment

The minutes of last month’s Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed’s current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.

Filed Under: Federal Reserve Tagged With: Federal Reserve,Quantitative Easing,Mortgage Based Securities

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Leagan Realty

12862 East Summit Drive
Scottsdale, Arizona 85259
Phone: 480.766.2115
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Email: lisaeagan@leaganrealty.com
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