GOOD NEW for ECONOMY = BAD NEWS for rates

We at the Fed should begin tapering back our bond purchases at the earliest opportunity ….. to consider this strategy desirable on it own merit:  feel more comfortable were we need to remove ourselves as soon as possible from interfering with the normal price-setting functions of financial markets.  If you are thinking about purchasing a home, buying before the tapering will probably mean a LOWER MORTGAGE INTEREST RATE THAN IF YOU WAITED.  Both opinions from Federal Reserve Bank of Dallas, Richard Fisher and Jeffrey Lacker of Richmond.