Be Careful Ahead of April Existing and New Home Sales Reports
A volatile housing sector is instilling some fear in the minds of investors as banks try to figure out when the Fed will raise interest rates again.
A volatile housing sector is instilling some fear in the minds of investors who are gauging the health of the overall economy. Merk Investments chief investment officer Axel Merk tells TheStreet's Joe Deaux that the Federal Reserve's unprecedented monetary stimulus program and subsequent so-called taper has induced large fluctuations in mortgage rates as banks try to figure out when the Fed will raise interest rates again. For the moment, Merk says the housing sector isn't a problem for the market, but he warns investors to 'be careful' of buying an expensive house right now.
