The Federal Reserve released their “Minutes of the Federal Open Market Committee” on
The discussion regarding interest rates produced generally positive results for homebuyers, as those who wanted to raise interest rates were “in the minority,” according to
The committee generally agreed that the taper must continue in 2014, at least for now. Stated in the minutes as recorded by The Wall Street Journal, “These participants judged… that a pause in the reduction of purchases was not justified at this stage, especially in light of the strength of the economy in the second half of 2013.” The committee is referring to positive factors such as high builder confidence and strong annual home price growth, as CF Funding reported earlier this year.
Unfortunately due to news about the taper, stocks fell on
CF Funding will keep readers updated as the Fed may change interest rates or bond-buying cuts in 2014. Stay tuned by following CF Funding on facebook at http://www.facebook.com/cffundingcorp.
Read the full story at http://www.prweb.com/releases/2014/02/prweb11605251.htm
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