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What Bernanke's plans mean for you

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Mortgage Professional America | 20 Jun 2013, 09:00 AM Agree 0
The Fed chair yesterday indicated that the Reserve could ease off the gas for its bond buying program. How should you be preparing?
  • L Carbajal | | 20 Jun 2013, 11:08 AM Agree 0
    As the Chairman stated yesterday to "taper" purchase of MBS, "IF" unemployment were 6.5% and inflation 2%.
    Unemployment by years end at 6.5%, would be a fantastic feat given we have not had those numbers since 2003. In my opinion, the Fed "speak" in and of itself will generate the panic and ultimately drive rates upward as it always does whenever they lay these comments out there, and they know it.
    The Fed's job to increase rates, slowing housing to avoid another dreaded housing bubble has been accomplished without the stroke of a pen or change in policy.
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