FBC Wall Street Week June 18, 2016
Recession in 2008 housing has made a recovery with more consistent growth than the overall economy. But as recession risks grow, what will happen to housing. Jimmy, welcome to the show. There may not be anybody better than you to tell us whats happening in housing. It many a mixed bag. The good part is Interest Rates are at historic lows. You can get a mort game for 3. 5, 3. 25 interest. If you understand mortgages, the interest and principle on a mortgage are the principle payments, they are the affordability part of owning a home. If Interest Rates go up, its hard for people to afford homes....