Interest rate volatility contributed to higher mortgage rates in 2022
Abstract: The Federal Reserve aggressively tightened monetary policy in 2022, responding to high and persistent inflation. The resulting borrowing cost increase for households and firms was generally anticipated. However, fixed-rate mortgage interest rates were especially sensitive to the policy regime change.
Keywords: monetary policy; banking; finance; mortgage; interest rates;
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-04-04