(Reuters) - The housing industry has remained an economic weak spot, given the lingering effects of the subprime mortgage crisis. The recent jump in mortgage rates could deepen the subprime fallout as measured by the spikes in loan defaults and home foreclosures, analysts said.
Signs of persistent weakness in housing could revive hopes that the Federal Reserve could still cut rates later this year. There have been growing concerns in the bond market that improvement in other areas of the U.S. economy could prompt the Fed to leave interest rates unchanged, analysts said.
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Signs of persistent weakness in housing could revive hopes that the Federal Reserve could still cut rates later this year. There have been growing concerns in the bond market that improvement in other areas of the U.S. economy could prompt the Fed to leave interest rates unchanged, analysts said.
Read more at Reuters.com Hot Stocks News
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