Mortgage and Housing Trends Swinging Upward Despite Fed PlansVW Staff
Rising mortgage interest rates were perhaps the pivotal reason the Federal Reserve refrained from cutting back on QE3. In the post-meeting communiqué, the Fed clearly said it was unhappy with the hardening in interest rates witnessed after the previous meeting.
Societe Generale Cross Asset Research analyzed the impact of this recent ‘backup’ in mortgage interest rates on mortgage application volumes.
Mortgage interest rate trends
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