Thanks arisie!
I read adjustable rate mortgages reset starts from september, it'll probably cause a lot more foreclosures heading into 2011. That's what Bernanke is worried about I think and he's trying to push down rates so people could still pay their monthly repayments.
However, on average, house prices decline lasts 6 years, we are only 3 years past the 2007 high in US housing market. So plenty of downside still to come.
Can't blame the bears really.
Thanks arisie!I read adjustable rate mortgages reset starts from...
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