A New House – Risks and Benefits

A New House – Risks and Benefits - vital...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
A New House – Risks and Benefits The government bodies that persuade the national fiscal policies that potentially have an effect on the housing market are the Federal Reserve. This organization chooses the increase and drop of interest rates. For instance, if the rate lessens, added funds are initiated into the economy. Numerous nationwide fiscal strategies can have an effect on the mortgage rates, home commencements, and home costs. The lending rate appears to be the most significant concern. This determines if lenders can receive loans from the Federal Reserve to place funds towards their mortgages and home commencements. The more the interest rates rise, the more the cost of the housing rises. If interest rates are excessively high, numerous individuals will make use of banks and the cost of houses will start to plummet. Doing research in what government organizations consist of, what guidelines are in place per organization and what outcome each course of action has or will have is
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: vital when taking into consideration the buying of a new house. Through meticulous examination into all important information and documents, a person is able to predict home costs, mortgage rates, and interest rates more efficiently . A few considerations of buying a home also include but are not limited to one’s occupation or standard of living that may require them to relocate often, the cost of maintenance and care of the home, and whether or not they qualify for a mortgage. All of these are important factors to take into consideration. A New House – Risks and Benefits References: National Association of Realtors. (2011) Retrieved from: http://www.realtor.org National Association of Home Builders. (2011) Retrieved from: http://www.nahb.org Mortgage Bankers Association. (2011) Retrieved from: http://www.mbaa.org First time homebuyer center. (2005) Retrieved from: www.first-time-home-buyer-center.net...
View Full Document

This note was uploaded on 10/24/2011 for the course XBIS 219 219 taught by Professor Craigbowles during the Spring '11 term at University of Phoenix.

Page1 / 2

A New House – Risks and Benefits - vital...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online