Many think that the Fed has been causing asset inflation with the QE stimulus program that has kept rates down and inflated asset prices. But the long term rates have actually moved up year over year and that is starting to show up in the numbers. Folks who are used to rock bottom rates are hesitating now that the 30-yr. Mortgage is moving up.
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U.S. Existing Home Sales Down 4.3%
Jeffrey Sparshott
The Wall Street Journal. - The Wall Street Journal. - Thursday, December 19, 2013
Sales of previously owned homes slipped to the lowest level in nearly a year in November, signaling that higher mortgage rates are making buyers wary.
If you have Windows 8, open this in The Wall Street Journal.
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