Tapering Begins

TaperingTapering Begins!

by: The KCM Crew on December 23, 2013

We even went against the belief of the vast majority of economists who thought the Fed would wait until next year. In this month’s edition of KCM, we quoted Bill McBride ofCalculated Risk:

“Although the consensus is the Fed will wait until 2014 to start to taper asset purchases, December is still possible.”

We also gave our members the following grouping of slides to help them explain the ramifications of the Fed’s decision during meetings with buyers and sellers.

What it Means to the Consumer…

In an article in MarketWatch today, Lawrence Yun, the Chief Economist at NAR, explained that sellers looking to move-up (to a better school district or larger home) “need to realize that it could be more challenging a year from now.” Yun stated the average 30-year mortgage rate currently hovers at 4.3%, but that could rise to 5% or 5.5% next year.

For the full article… Visit the “Keeping Current Matters” Blog at:  http://www.keepingcurrentmatters.com/2013/12/23/tapering-begins-2/

Visit Christopher Tenggren’s Blog again soon at: http://HomesInTheFoxValley.com/blog

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