Housing Sacramento Magazine Investigates Federal Reserve Chairmen Ben Bernankes Housing Legacy
Summary
How this plays out will see if housing is a pawn in the larger economic game, or if it is given a more important part of the economy because of its significance to every day Americans.Chairman Bernanke’s ability to keep mortgage rates low for a long time made it possible for more Americans to buy a more valuable home with the same income.As the interest rate increases, the same income will buy a less valuable home.The Federal Reserve has three main tools that influence the housing market.It is good for some and bad for others.Under Chairman of the Board of Governors of the Federal Reserve System, Ben Bernanke has done at least 4 Quantitative Easing programs.All discount window loans are fully secured.Will chairman Ben Bernanke’s legacy building force him to make imprudent decisions?