-Interest rates will go up, negative impact on housing
- Summer 2009, mortgage resets were $15 billion a month
- September 2008 (beginning of the housing collapse), mortgage resets reached $35 billion
- Resets to reach over $30 billion in 2010 and near $35 billion for 2011
- Resets drastically taper off 2012 and beyond

Stock Market wrap up for 2009

- Dow up 61% from March lows, up 20% on the year
- S&P up 25%
- Nasdaq up 45%

INDEX 2009 CLOSE Y-T-D
————————–
DJIA 10428.05 +18.82
DJIT 4099.63 +15.90
DJIU 398.01 +7.35
NYSE 7184.96 +24.80
NASDAQ 2269.15 +43.89
S&P 500 1115.10 +23.45
S&P MIDCAP 726.67 +35.00
S&P SMCAP 332.65 +23.79

Tags: Housing Market, Wall street

This entry was posted on Monday, January 4th, 2010 at 9:24 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed.