IMHO, the intent of the next 'out of the box' idea from the FOMC will be to push the 10 year US note low enough (say 1.5%) to allow 30 year mortgages to be offered at 3.5% and/or 15 year mortgages at 2.5%. (with little or no points) over the course of the next 6 - 12 months.  FOMC has already stated that short rates will stay at .25% for the next 2 years.  FOMC (except for 3 smart board members) believes low rates will stimulate the economy, completely ignoring the fact that certain members of the  administration/congress are hellbent againt allowing businesses to operate outside the shadow of existing laws past these past 3 years.  laws on the books with no clear regulations written (read in the process of being written by an anti-business administration) means it is safer for businesses to lay low until they know the cost of hiring and the cost of manufaturing. it's a vicious cycle and the FOMC is only providing 'cover' for this entire charade. It's going to get real ugly when the FOMC decides inflation really exists and they have to raise rates.  the markets will adjust, how quickly will be the issue.... good trading