The Federal Reserve has been discussing the sale of mortgage-backed securities, but it’s unlikely to take action until short-term interest rates are raised from a record low, a top Fed official said Wednesday. In a question-and-answer session after her speech, Fed Governor Elizabeth Duke Wednesday said the U.S. central bank must communicate clearly when and how those securities will be sold so as not to surprise the markets.
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This column is for you if “even the mere thought of not answering your phone makes you start huffing into a brown paper bag,” HousingWire Columnist Dustin Brohm writes.
The dramatically limited supply of houses for sale is continuing to drive increase in home prices as buyers are often left fighting over the few houses that are on the market.