fed: Drop In Home Sales, Why Lower Mortgage Rates Aren’t Working This Time.
- 08/14/10 01:24 PM
In the past if the Fed wanted to spur economic activity they lowered the Fed lending rate. Now that mortgage interest rates are at a historic low (4.5% for a 30 year fixed rate!) the big question is... Why aren't more homes being sold? Great video from CNBC that explains why low rates are not resulting in increasing home sales.
In the past if the Fed wanted to spur economic activity they lowered the Fed lending rate. Now that mortgage interest rates are at a historic low (4.5% for a 30 year fixed rate!) the big question is...
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