Mortgage Rates Holding Steady - Waiting For Tomorrow's Fed Announcement

Mortgage Bonds are trading near unchanged, off their best and worst levels of the the session. Low inflation data coupled with better than expected housing data from the National Association of Home Builders produced mixed sentiment thus far this morning.

The two-day Fed meeting kicks off today with the monetary policy statement being released around 2:00pm ET tomorrow afternoon. The big question will be whether or not tapering the Fed's Bond buying program will begin this month or in the first quarter of 2014.