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Wednesday's Fed Meeting and Your Home Sale: Warsh, Bonds, and the Questions That Protect You
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New Fed chair Kevin Warsh speaks for the first time Wednesday, and he may loosen the rules on banks buying 10-year bonds. The Fed doesn't set your mortgage rate directly, but if bond buying picks up, mortgage rates tend to follow it down, and the SCV buyers who've been waiting will move fast, because most need a lower rate to afford the home, not just want one.
In this episode I lay out what a Santa Clarita seller should do before that happens: price to the real comps from day one, audit your agent's data instead of believing their promise, get…
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