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US mortgage costs jump 14% in seven weeks is the housing recovery over?

Posted on 14 July 2013 with no comments from readers

A one per cent jump in the average US mortgage interest rate over the past seven weeks might not sound much but it is a far bigger 14 per cent increase when seen in terms of average monthly repayments.

Can the US housing recovery stand this kind of squeeze? If not then a major pillar of the US economic upturn is about to tumble. Wall Street looks like a naked short in this analysis.

On ‘Insight & Action,’ Adam Johnson looks at US mortgage rates on Bloomberg Television’s ‘Street Smart’…

Posted on 14 July 2013 Categories: Banking & Finance, Bond Markets, Global Economics, Investment Gurus, US Stocks, Video Channel

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