The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013. These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States. The decisions made and acted upon from the FOMC meetings often sway the real estate and residential financing markets. Some highlights of the recent FOMC minutes for the March meeting include: Jobs and Unemployment Gaining Steam The unemployment rate fell to 7.7 percent in February. While lower than the average unemployment rate for Q4 2012, … [Read more...]