One Final Letter from New York
The overall impact on the US mortgage market is not that significant whilst liquidity remains high and general default rates remain at low levels, however, if this situation was to change – coupled with what is already a fragile housing market – then the impact could, potentially, be far greater.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.
16 years of comment
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