I read this article today and wanted to share it with everyone. It comes from an online leading real estate news publication:
Friday, June 12, 2009
Definite signs of a false recovery
Interest rates stabilized at the conclusion of $65 billion in new Treasury borrowing this week, mostly by sales of long-term bonds.“Stability” is a relative term: All long-term rates have risen roughly 1 percent in just six weeks, and a further run-up will undercut any economic recovery. The question is whether current prospects for recovery justify this rate-surge, or is this surge already unsustainable? If the latter, what’s the chance for a reversal, especially in mortgages? More » http://www.inman.com/buyers-sellers/columnists/loubarnes/definite-signs-a-false-recovery
What’s your opinion?