Fannie Mae On Real Estate…..Hint, It’s Not Good
Posted By thestatedtruth.com on April 7, 2010
From Fannie Mae on housing………………..
Housing Shaky At Best – CNBC’s Diana Olick had a somewhat scary report on foreclosures yesterday. She suggests a new wave is coming and it may be a whopper. She quotes the Fannie Mae chief as saying that home prices will dip again before hitting a new bottom later this year (the report is on CNBC website). The housing struggle is underscored by this morning’s report on mortgage applications. Applications fell 11% (primarily on re-fis). The report cited a significant jump in mortgage rates last week. Watch the ten year Treasury and stay tuned.
Comments