Demand for Mortgages Falls; Big Lay-Offs at Wells Fargo

Sunday, August 25, 2013 23:06
(Before It's News)

The recent minutes of the last Federal Reserve meeting (July 30-31, 2013), were released last Wednesday. Looking through the minutes, my opinion has not changed that the Federal Reserve will indeed begin to reduce its asset purchase program sometime this year.

While the U.S. economy is clearly not in an emergency situation anymore, we’re also not out of the woods yet.

One of my concerns has been how the higher interest rates will impact sectors that are sensitive to such changes, like the U.S. housing market.

While there are some positives to slightly higher rates, which will decrease over-leveraging and speculation, the costs associated with it can hurt the U.S. economic recovery.

Continue Reading: Demand for Mortgages Falls; Big Lay-Offs at Wells Fargo

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