What’s Ahead For Mortgage Rates This Week – January 6, 2014
The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program. Last week's news was not high in volume due to the New Year holiday, but it does suggest that a general economic recovery is progressing and that housing markets are leading the "charge!". Here are the details: The NAR's data of month-to-month reading of 0.20 percent showed an increase of 0.20 percent over…