Fed will dump more money into Financial Sector

The Fed announcement came in today indicating that they would drop $750 billion more into the financial sector starting in July 2009.  This will compare with the January 6th rally we had earlier this year.   It appears that the government is serious about lowering rates as a major step in our economic recovery.  Bottom line is when the Fed is spending more money in the mortgage backed securities market, there is more demand for mortgages which results in lower rates.

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