Vero Beach mortgage rates are declining after the recent announcement by the Federal Reserve that they were not going to start to reduce their Bond buying program. Instead they left their easing program intact for the time being and will continue to buy 85 Billion dollars' worth of Mortgage backed and Treasury Bonds per month.
The slowing pace of economic growth, along with recent lackluster labor and housing market conditions, has clearly spooked the Fed into remaining accommodative.
All told, it appears that any tapering is now more likely to begin sometime next year.
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