By Ylan Q. Mui
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W
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hen the Federal Reserve began talking about
scaling back its massive stimulus program this summer, the markets freaked out.
But Americans? Not so much.
The Fed has been buying billions of dollars
in long-term bonds each month to push down long-term interest rates and boost
the housing market. The hint that the Fed might start winding down that program
helped drive mortgage rates up an entire percentage point in 2013 – a spike
that some worried could damage the sector.
But a new survey released Monday by the New
York Fed shows that the volatility in the markets barely made a blip in
consumers’ minds. The amount of uncertainty that households have over home
prices remained flat through the second half of last year.
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