You're now on the archive server. Commenting has been disabled.

Mortgage Rate And Home Sales Weakness Accelerates

Tyler Durden's picture
Submitted by Tyler Durden on 06/24/2009 13:57 -0400



Jim Cramer was spot on with calling the housing bottom. Oh wait - he was dead wrong again about this as he is about everything else: downward prior revision and lower than expectations. At least he is consistent at batting 0: almost as good as someone batting 1000.

Bernanke will need to buy a whole lot of MBS pretty soon or it will be really tough to spin the ongoing mortgage refi and origination collapse (especially with the GSE on the hook for 125% LTV) as green shoots.

  • Digg
  • Facebook
  • Reddit
  • Twitter

»


Similar Articles You Might Enjoy:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 02/07/2011 - 19:56 | Link to Comment oppium
oppium's picture

Thanks for admin.nice sharing.very nice..
Makina Makine Makine Torna Torna Makina Parçalar? Makina Parçalar? cnc torna cnc torna cnc freze cnc freze sohbet Sohbet Chat Chat Muhabbet Muhabbet

Do NOT follow this link or you will be banned from the site!