November 18, 2011
Low Rates Kill Incentive to Buy Houses
Caroline Baum, Bloomberg
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.
TAGGED: Federal Reserve Bank, Housing, Caroline Baum, Mortgages