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Lower interest rates don’t necessarily improve housing affordability
Abstract: The direct impact of higher mortgage rates on housing affordability has received much attention. We emphasize that housing affordability not only depends on mortgage rates but also on house prices, which have competing effects.
Keywords: inflation; monetary policy; consumer finance; real estate;
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https://www.dallasfed.org/research/economics/2024/0402
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-04-02