Claudine Rad Reviews Bloomberg Report, "Wells Fargo Says Rate Rises Won’t Stall Housing Rebound"

Divine 20LLC Financial Specialist Claudine Rad writer Dakin Campbell's report on Wells Fargo's positive assessment of the impact of rising interest rates. It seems there is a warming trend for home buyers. Is a reversal expected as the quarter ends?
 
Sept. 10, 2013 - PRLog -- Claudine Rad of Divine 20LLC in Mesa Arizona is looking closely at the news these days as the warming trend in home sale begins to slowly move into positive territory. And the recent Bloomberg report about Wells Fargo's assessment in regard to a positive uptick, even with interest rate increases provides for interesting debate.

Bloomberg reporter Dakin Campbell quotes a Wells Fargo official, "Rising mortgage rates probably won’t slow the housing recovery because new families are being created and homes are still affordable, Wells Fargo & Co. (WFC) Chief Financial Officer Tim Sloan said."

He continued his comments, “We don’t believe that the recent increases in mortgage rates are going to in any way, shape or form snuff out the housing recovery,” Sloan said today at an investor conference in New York. “When you look at any sort of statistics in the demographics in terms of household creation as well as household affordability, they are still very attractive and should drive a continued recovery in the housing business.”  Read the complete report here: http://www.bloomberg.com/news/2013-09-09/wells-fargo-says...

A spokesperson for Divine 20 states, "we speak with home owners and buyers on a regular basis and this news provides a long awaited word from bankers. It helps a lot in regard to consumers being more aware of how banks are assessing where the real estate marketplace is headed. While this is not exactly the beginning of boom times, at least home owners and prospective buyers have a reason to feel more positive about their options."

About Divine 20LLC
Divine 20LLC is a provider of top of the line investors for a variety of lending needs at extremely competitive rates regardless of client's credit score. The firm can also arrange for access to innovative credit card processing at the lowest rate in the industry and this service is guaranteed. When clients request options that include credit repair or access to trade lines, Divine 20's seasoned staff of advisors respond with industry leading strategies to help them with the decision making process.

Divine 20LLC
Claudine Rad
Chief Financial Specialist
http://divine20llc.com/

Source:
Bloomberg News

http://www.bloomberg.com/news/2013-09-09/wells-fargo-says-rising-rates-won-t-snuff-out-housing-recovery.html
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