TITLE

S&P: Low Mortgage Payments Key to Sustaining Home Prices

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
October 2006
SOURCE
Bond Buyer;10/18/2006, Vol. 358 Issue 32489, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the impact of monthly mortgage payments on the rapid increase in home prices in the U.S. According to reports, a sharp housing downturn would lead some speculative-grade bonds into default. It was believed that the rise in home prices may be sustainable if borrowers continue to have a low payment options on their homes. It was found out that the size of mortgage payments was more important in determining home prices than the level of employment.
ACCESSION #
22822988

 

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