Excerpts From JP Morgan Funds Market Insights
By Dr. David Kelly and David Lebovitz
Chief Market Strategist
J.P. Morgan Funds
~ While no one should understate the pain and destruction caused by the bursting of the housing bubble, it has had one undeniable effect: Across a wide range of measures, it has left the United States with its cheapest housing market in decades…
~ However, price is only part of the story. Economic malaise, bond market complacency and the active intervention of the Federal Reserve have reduced mortgage rates to their lowest level in modern history… Read the full article
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