Fed to begin tapering...And they really mean it this time

September 16th, 2013

While rates are still very low the party that was 2012 and the first have of 2013 ended in late May with rates jumping up about 1.5%.  That was the end of whatever was left of the refinance boom.

Now we will see what happens when they don\'t just mention tapering (the mere hint of it in May sent the rates up faster than I have ever seen in my 11 years in this busines), but actually do it.