Following stronger-than-expected inflation readings last week, investors are encouraged and U.S. Stocks rallied on today, lifting the Dow Jones Industrial Average by over 160 points, after the Feds left interest rate unchanged as expect, but also opens the door for the central bank to consider risks to the economy on an equal footing with inflation risks.  The industry interprets Feds more as finally removing the change for further rate hikes.  The move is a 'Big Positive' for the market.

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The interest rate took a dip just over the weekend.  One of my first time home buyers was quoted a rate of 6.5% with one lender, and happily for him, when we went in and signed the contract, the rate took a dive to 6.15%.  We jokingly attribute it to St. Patrick's Day luck, but it's really the market which drives interest rates.