Answering viewers' requests, Daryl Guppy, CEO of Guppytraders.com, charts spot gold, the Aussie dollar, the Canadian dollar, HSBC, the FTSE 100, and Nymex light sweet crude
Monday, March 22, 2010
Housing Market Will Fall 10%-15% says Dick Bove
One out of Seven Houses in the US is empty
For the past year, the Fed has been buying mortgage-backed securities in an effort to keep mortgage rates low and provide some support to the housing market. On March 31, the Fed says, it will stop buying mortgage-backed securities. So what will happen to mortgage rates and house prices? No one knows, says Dick Bove, the wise and fearless analyst at Rochdale Securities.
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