This just out.  Today starts the two day meeting of the Fed’s FOMC with the official announcement tomorrow. This is against a an improving economic backdrop, &  with inflation not an imminent threat the Fed will  not be in a hurry to increase interest rates from their current levels of almost zero percent..  This will keep interest rates low for the time being.  With that being the case the market will be watching any nuances that it may make in the minutes, like the Fed possibly tapering off its mortgaged related security purchases.  If  Fed does slow its buying of mortgage securities 30 year fixed rates could be on the rise.   We are right now in the perfect Storm to buy a house of your dreams.  Low Rates and Low Prices add up to  big value.   

Continuing on the exogenous drivers, The Conference Board’s Index of leading indicators, which is supposed to forecast economic trends six-nine months ahead, rose by 0.6% to 102.5%, the highest level since January 2008, after a revised 0.9% gain in July

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