South Carolina Mortgage Loans: Preparing for another Housing Bubble

Any historian will tell you that if it happened once, it could happen again. It doesn’t matter how, where, or when; past blunders come back to haunt everyone sooner or later. The Great Depression, which paid a visit almost 80 years later in the guise of the Great Recession, is a case in point.

The worst may be over for the U.S., but Richard Fisher, president of the Federal Reserve Bank of Dallas, is still wary. In his statement, Fisher warns a bubble burst after seeing signs that may point to a second recession. Nobody will disagree that the U.S. doesn’t need another economic tangle.

Keep in mind that the bubble was a major factor in the events leading to the economic slump of 2008. Many lost their jobs, stock markets around the world fluctuated, and mortgages defaulted left and right. The value and average rate of South Carolina mortgage loans heavily depend on where and how the economic line graph moves.



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