A New House – Risks and Benefits

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

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

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