President Obama has chosen Janet Yellen to be the new Fed Chairperson.

This new Fed Chairperson appears to be very good for mortgage interest rates and going forward because she helped create and is in favor of many of the policies in place to help boost the economy with low interest rates.

This should be good for the mortgage and real estate industries because it should end any conversations about tapering of QE. We may have low interest rates for several years to come which could create a very robust housing market. Maybe even a bubble… Well Done Obama.

 

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