Good News On The Housing Front

Dated: 02/25/2014

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There was some good news on the housing front, as  reported by RealtyTac that January marked the fortieth consecutive month where U.S. foreclosure activity declined on an annual basis. Filings are down 18 percent from January 2013 to January 2014, but the annual decline of 18 percent was the smallest annual decline since September 2012. 

What does this mean for home loan rates? Remember that the Fed is now purchasing $35 billion in Treasuries and $30 billion in mortgage bonds (the type of bonds on which home loan rates are based) to help stimulate the economy and housing market. This figure is down from the $85 billion in bonds and Treasuries the Fed had been purchasing last year. If economic reports continue to be weak, the Fed will have to decide whether it will continue to taper its bond purchases. 
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Janis St. Onge

I am a certified Short Sale and Foreclosure Resource (SFR) who works with first time home-buyers, empty-nesters and investors. Call me today and let me be your eyes and ears in the Charleston tri-cou....

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