The Federal Open Market Committee held interest rates at 0-ish% this week and indicated that they would do whatever they want when they want without being held to silly criteria like the Unemployment Rate or Gross Domestic Product growth. This is a slight exaggeration on the gist of the read statement wherein is was given to understand that despite moderate growth and healthy looking employment headlines, the economy of the United States is not well enough to be left well enough alone. Mortgage interest rates continue on at crazy cheap levels. Isn’t that special?
