The Mortgage Bankers’ Economist  sees a peak in foreclosures and defaults, ie the worst may be past.

We shall see, the US dollar is bouncing along long term support at 80, oil and gold just jumped higher, again.  I would argue this makes it much harder for Bernake to ease credit at the next FED meeting.  Will bonds rally as oil and gold spike, stay tuned.

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2 responses to “Latest on Sub Prime”

  1. Stephanie Gipson Avatar
    Stephanie Gipson

    Do you foresee the profits of apartment investors/owners increasing substantially in the near future from the recent mortgage default problem? If so, will rental rates go up as a result of an increase in apartment demand?

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  2. Dennis Elam Avatar
    Dennis Elam

    Good question, I think there are aLways apartments being built so the supply seems never ending, this is the first specualtion I hvae read along these lines but with move ins and outs apartments buildings are rarely rented 100% so I doubt it.

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