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Drake Bloebaum Mortgage Professional Neo Home Loans Phone: 801-893-0452 License: NMLS 225567 CA-DOC 225567 drakeb@neohomeloans.com www.drakebloebaum.com |
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January 2013
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What's Ahead in 2013? New Year Home Loan News Homeowners and homebuyers have a lot to keep track of as we head into 2013. Here's a quick overview of the top stories to watch over the next few months. The Fed Quantitative Easing is when the Fed buys Treasuries and Bonds in the hope of achieving:
But what really took the markets by surprise was the Fed's decision to tie the Fed Funds Rate (the rate banks charge each other for lending money overnight) to the Unemployment Rate. Instead of sticking with their plan of maintaining low rates until "at least mid-2015," now the Fed is going to hold the Fed Funds Rate steady as "long as the Unemployment Rate remains above 6.5%." Inflation Recent Producer Price Index and Consumer Price Index Reports have shown that inflation at the wholesale and consumer levels respectively remains tame. However, when inflation manifests, it tends to do so quickly. This is a key area to keep a close eye on in the weeks and months ahead. Fiscal Cliff The Bottom Line | ||||||||||||||||||||||||||||||
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