Mortgage Trade Groups Back Obama’s Housing Market Goals + MORE

President Obama’s State of The Union Address was welcomed by some and bashed by others….as is always the case.  What did you think of the Presidents plans for the Nation?

Mortgage Trade Groups Back Obama’s Housing Market Goals

The National Association of Home Builders (NAHB) has commended President Barack Obama for offering proposals in Tuesday’s State of the Union Address to help families stay in their homes and stanch foreclosures, and is urging policymakers to take additional actions to mend the housing market and boost the economy…

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It’s no secret we’re living through The Great Recession, but this statement from the Fed was non the less surprising regarding the long time-frame they cite.

The Fed: Fed pushes out low rate pledge to late 2014
marketwatch.com

The Federal Reserve on Wednesday pledged to hold interest rates low until late 2014, a move that surprised markets and showed the central bank is still worried that economic growth is at risk of faltering.

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