ECONOMIC REPORT – January 12, 2009

Posted on January 12th, 2009 by katyfamilyhomes.com

Market Review  ►A LOOK BACK – Last week the Fed made their first direct purchase of mortgage-backed securities from the $500 billion was allocated for this. This is important because it will support a higher price of mortgage-backed securities thus reducing the interest rates for home loans. Without this action there would be upward pressure [...]

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Filed under: Economy/Market, Katy Family Homes