The Fed interest rate decision is set to come out at 1 today and the markets are expecting a rate hike. MBS, mortgage backed securities, are slipping a little this am. The trend has been down and rates have been edging up slightly for a little over a week. Should they break below they have a little ways to fall to find more support. I still believe that markets should respond positively to a rate hike and rates will stay about the same or improve as the Fed effects the overnight lending directly, not long term rates. Keep your eyes peeled at 1pm and I’ll update later.