I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
The Title of the article sounds promising but many economists have been saying that as soon as the the deadline approaches (march 31st and april 30th) the housing market will again stagnate. March 31st government stopped buying mortgage backed securities (MBS) which will cause an obvious increase on mortgage interest rates then by the end of april the credit for buying houses will cease...what could happen? With a higher interest rate and no incentive for buying houses the outcome is obvious...
The Title of the article sounds promising but many economists have been saying that as soon as the the deadline approaches (march 31st and april 30th) the housing market will again stagnate. March 31st government stopped buying mortgage backed securities (MBS) which will cause an obvious increase on mortgage interest rates then by the end of april the credit for buying houses will cease...what could happen? With a higher interest rate and no incentive for buying houses the outcome is obvious...
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