Daily Market Update 9/22/09

Rates inched higher Tuesday as this week's two day FOMC meeting got underway. The Fed will issue its policy statement tomorrow at 2:15 PM. In economic news, US Home Prices rose 0.3% in July according to the Federal Housing Finance Agency, a bit less than expected. The $8,000 first-time home buyer tax credit helped boost sales. Stocks moved modestly higher.