Household Debt Is Primarily In Fixed-Rate Products; Real Estate Now Hot Investment ChoiceMani
A BAML analyst anticipates that about 75% of household debt is in fixed-rate products and hence, a gradual Fed hiking cycle shouldn’t shock the household sector. Michelle Meyer notes in her May 17 piece titled “Housing Watch-Can we fix it?” that real estate is still commonly considered to be a good investment, which could continue to underpin the market.
Recovery in housing market has further to go
Meyer points out that housing purchase applications have been showing an uptrend though in a choppy fashion. Tracking . . .
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