The U.S. Government's Zero Down-payment Mortgages
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As readers here have heard regularly, it is absolutely certain that there will be another down-leg for the U.S. housing market, beginning no later than spring of next year. We already know the latest date, since that is when the next spike in U.S. mortgage resets kicks-in.
There are two differences between the first spike in mortgage resets and the second. Not only will the second spike last for at least two years (longer than the first), but it will be much nastier than the first. A chart from Credit Suisse spells this out perfectly.
Read the full article: http://www.bullionbullscanada.com/index.php?option=com_conte...
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