Fannie and Freddie bailed out. FED buys $1 T of mortgage paper, GOV tried incentives for first time buyers. INterest rates lie near all time lows.....and above is what you got?7 of last 8 Recoveried were led by Housing......not this time. Interest rates have moved higher depsite more FED intervention, a new leg down is certainly possible.
Now do you wonder what value Banks are keeping on their books or OFF?
D
2 comments:
Better check those 30 yr rates, they are going up fast, fed will mess everything up to have inflation explode in their faces, bunch of idiots!
Housing is already bleeding from he rise. 5% level on 30 year is one key that some say would END 30 yr Bond BUll.....but if the recovery ramp ALL experts are calling for, from the TAX BILL (OH MY!)does not arrive, "safety" may be trade aagin. How so safe when the Treasury must print bonds around the clock?
Tax bill added addt'l $800B plus to deficits over 2 years....gd help us
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