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Killing the Bernanke Put: Important Info if You’re Looking to Buy or Refinance a Home
20
Jun

Killing the Bernanke Put: Important Info if You’re Looking to Buy or Refinance a Home

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Category:   Real Estate

Are the days of historically low interest rates in Northwest Arkansas numbered?



(Picture courtesy of Libn.com)



We here at Rowe Real Estate are always looking out for you. We also want to make sure that you're on top of what is happening with the housing market.

Check out yesterday's story from Forbes.com:



The Chairman Just Killed The Bernanke Put: Fed Ready To Taper QE This Year

In his post-FOMC press conference, Fed chief Ben Bernanke unveiled to reporters his plan for tapering asset purchases, indicating they are expected to begin later this year and end at some point toward the middle of 2014, if and only if the economy accompanies the Fed’s “moderately optimistic forecast.”  Despite his best attempts at telegraphing to the market that tapering still means increasing policy accommodation, stocks and Treauries sold off hard, with the Dow clocking in triple digit losses and the 10-year note yield jumping to 2.34%.

Bernanke delivered the show most Fed watchers expected, and came out guns blazing after the FOMC statement revealed “diminished” downside risks to the economy.  If things work out as expected over the next six to twelve months, the Fed will begin to draw-down its asset purchases, currently running at a pace of $85 billion a month, and end them at some point next year, when the unemployment rate hits 7%.

Bernanke delivered the show most Fed watchers expected, and came out guns blazing after the FOMC statement revealed “diminished” downside risks to the economy.  If things work out as expected over the next six to twelve months, the Fed will begin to draw-down its asset purchases, currently running at a pace of $85 billion a month, and end them at some point next year, when the unemployment rate hits 7%.



Got all of that?

We know. This isn't necessarily light reading.

Basically, this all means that interest rates are on the move.

You might be asking, "what does this all mean for me?"

(If you're not, and actually understand exactly what all of that story meant, we probably want to you hire you.)

If you've been thinking of buying or refinancing a home, it is more important than ever to contact Rowe Real Estate. You don't want to miss out on these historically low interest rates before they start to move up again.

Call or email us today.

Our goal is to not only find you the home of your dreams, but to help you understand all this mambo-jumbo coming down from Capitol Hill and how it affects Northwest Arkansas.

Elizabeth@RoweRealEstate.net

479-879-5514 

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