With the economic recovery starting to lose steam, the Federal Reserve has the unenviable task of trying to figure out which “flation” battle to fight. Inflation or deflation? The Fed will hopefully provide more clues following its policy meeting next Tuesday. It’s all but certain the central bank will once again leave its benchmark federal funds rate in a range of 0 to 0.25% – the range it has maintained since December 2008.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
A new bill in the House of Representatives would make cooperatively owned units, or co-ops, eligible for mortgages backed by the VA.