Tag Archives: the-intervening

ALAN GREENSPAN FIGHTS BACK – THE WALL STREET JOB REPORT

For many years the Fed funds rate and mortgage rates did move up and down almost in lockstep, but starting in 2002 that correlation evaporated. Says Greenspan: " Mortgage rates started moving down six months before we lowered the Fed funds ..
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BBC – PESTON'S PICKS: THE ACUTE VULNERABILITY OF THE MORTGAGE MARKET

Sadly it will only be a massive increase in interest rates for mortgage holders or a similarly massive increase in house building that will break this deadlock and I look forward to both. ....
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