BULL MKTS ACHILES HEEL? (IF this breaks and holds above 200 wk MA) not since 2007 just as SOME liquidity measures will ease......
A "fragile" recovery could be STOMPED OUT if rates get jiggy. My nephew was searching for home, found one for $215K, qualified for a 4.8% FHA LOAN!!!! unfortunately the $1,600 month was too much....as he could not put much down to lower loan amount.
Short sales from bank do not on avg make it to closing, because of the issues involving them.....there is a shitload of inventory out there and this all as incentives that really didnt work are running out....higher mortgage rates is something the PPT cannot allow.
Duratek
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