Americans Ready for Housing Prices to Rise

Ft. LauderdaleWhen the Federal Reserve began talking about scaling back its massive stimulus program this summer, the markets freaked out. But Americans? Not so much.

The Fed has been buying billions of dollars in long-term bonds each month to push down long-term interest rates and boost the housing market. The hint that the Fed might start winding down that program helped drive mortgage rates up an entire percentage point in 2013 – a spike that some worried could damage the sector.

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Authored By Ylan Q. Mui – See the Full Story at The Washington Post

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