November 18, 2011

Low Rates Kill Incentive to Buy Houses

Caroline Baum, Bloomberg

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I’ve been wondering to what extent the presumed incentives for buying a home -- super-low mortgage rates and discounted prices, down by one-third nationwide from their 2006 peak -- are being neutralized by the Federal Reserve’s tell-it-all communications policy.

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TAGGED: Federal Reserve Bank, Housing, Caroline Baum, Mortgages

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