FOMC Meeting

The two-day FOMC meeting starts today. Here are the latest Fed Funds rate investor predictions.

Increase in supply of Treasuries threatens bond rally

Bloomberg has an article which discusses the possible surge in the amount of upcoming Treasury auctions due to a decline in corporate tax revenues.

Permits, Starts, and Completions drop

As expected, another weak housing report released today. Calculated Risk has some helpful charts.

417k to remain

The FHA has announced a conventional loan in 2008 will remain under $417,000 – same as it was in 2006 and 2007.