Unformatted text preview: to mortgage rates, housing starts and prices. This allows lenders to borrow money through the Federal Reserve for home mortgages and the start up for housing. Then as more rates increase, this may make more of the cost for house increase. But if the rates become too high, the prices of homes may begin to decline. I recommend for the risks and benefits for buying a home with the above considerations, is that all first time home buyers consider buying with the knowledge on The American Reinvestment and Recovery Act, which was created by Congress to help first time home owners with a credit for taxes of $8,000, that was lengthen to go pass the June 2010 date....
View Full Document
This note was uploaded on 04/07/2012 for the course XECO 212 taught by Professor Johnjohnsonton during the Spring '12 term at American Jewish University.
- Spring '12