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Thanks to their good fortune in missing the housing party before the financial crisis, German homeowners have a decent chance of making further gains.
In effect, oil exporters and Asian savers were pushing down American mortgage rates.These credit-cheapening forces helped subprime borrowers to join the housing party, as did the speed with which house prices climbed.
But if anybody has a better answer, I'd still like to hear it.You see, one of the defences of Fannie and Freddie is that their involvement in mortgage markets trailed off in 2003, just as the housing party really got going.
Similar(57)
(A drunken house party feels particularly real).
Perfect for a NYE house party.
"This is a house party, yeah?
She'll find a house party somewhere.
Were they simply inopportune arrivals at a deadly house party?
They met at a house party with other Americans.
They met at a house party in 1967.
He was taken to a house party in Virginia.
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