Possible lower Mortgage Rates?

There was some big news yesterday, as the Fed released the minutes from its October meeting. Not only were future targets for employment and growth lowered, but the Fed–after years of being concerned about inflation–is now concerned about deflation. When deflation occurs, investors typically move money into fixed instruments like Bonds because the fixed payment actually buys them more goods and services over time. This could mean that better home loan rates are ahead.