THE FEDERAL something reserved BOA...

THE FEDERAL something reserved BOARD RAISED its target for the federal capitals rate a quarter of a point, however its action did not make less home buyers' enthusiasm. Economists and builders predict that the industry will continue along its muscular path through the end of the year.

The mortgage market had absorbed the widely anticipated rate increase prior to the Fed's June 30 prompt says Doug Duncan, senior vice president and chief economist of the Mortgage Bankers Association (MBA). Rates forward 30-year fixed mortgages began to slowly increase earlier this year, hitting 632 percent during