by George Leong, Investment Contrarians:
Get ready folks, the party in the housing market may be drawing to a close. Sure, the housing market has steadily improved—you can thank the Federal Reserve for that. But nothing lasts forever.
Just take a look at the steady rise in the 30-year fixed-rate mortgage rates after Federal Reserve Chairman Ben Bernanke suggested he might have to reduce his monthly bond buying—buying that helped to drive down lower-term financing rates.
Of course, by the time you read this, it’s likely that we all will know what the Fed has decided to do.
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