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From the article: "Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise."
Both prices and rates will rise and what will wages do? Who are the customers for these high price, high mortgage bank loans?Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise.
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Both prices and rates will rise and what will wages do? Who are the customers for these high price, high mortgage bank loans?Money managers touted the advantages of non-agency mortgage securities and bank loans on Thursday on expectations that housing prices will accelerate and interest rates will rise.