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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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April 2013
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Home and Away Stocks High, Fed Policy, Euro-Markets, Oh My! Dizzy from all the news around the resurgence of the housing and mortgage markets? Let's cut through the noise and explain what will really impact home loan rates in the next quarter. Stocks and Bonds What the Fed Said In its Monetary Policy statement, the Fed reiterated that it will continue to purchase $85 billion in Treasury and Mortgage Bonds each month until the labor market improves, and to support a stronger economy. Unemployment remains above 6.5 percent and inflation is projected to be no more than a subdued 2.5 percent. At the same meeting, the Fed stated that household spending and business investments increased and confirmed that the housing sector has strengthened. Indeed, as builders enter the spring selling season, the Fed's extension of its record monetary policy stimulus will help keep mortgage costs low and allow for a continued rebound in housing, the industry that was at the center of the financial crisis. More Housing, More Jobs Homebuilders across the nation have contributed to the increase in housing starts, up 28 percent over February 2012. Housing Starts rose 0.8 percent in February to 917,000 homes at an annual rate, while Building Permits advanced 4.6 percent to 946,000, the highest level in almost five years, according to recent U.S. Commerce Department analysis. Gains in home prices and construction will put more Americans to work this year, and that's good news overall for the health of the U.S. economy. If you have any questions about your personal situation, contact the professional who supplied you with this month's issue of YOU Magazine. | ||||||||||||||||||||||||||||||
Loans originated in the States of California and Washington are done under the DBA CHL Mortgage. Loans originated in CO are Regulated by the division of Real Estate. Corporate NMLS #67180 You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Drake Bloebaum. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe. SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online. UNSUBSCRIBE: If you would like to stop receiving emails from Drake Bloebaum, you can easily unsubscribe. Neo Home Loans |
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