The Upcoming Housing Boom

The fed has been raising the cost for banks to borrow money from them on a short term basis.

Profits are suppose to drop during these rate increases.

But instead banks have been reporting 8% more profits over last year!!!! Hmmm maybe our over extended neighbors are paying their debts after all. The default rate might just be even lower now than it was last year.

There won't be a credit crunch. Mortgage rates will keep on dropping. Watch and learn.