Falling Mortgage Rates Are Not Creating Housing Sales


By Patrick   Follow   Tue, 27 Nov 2012, 7:48pm   190 views   0 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.millersamuel.com/blog/get-down-with-it-falling-mortgage-rates-are-not-creating-housing-sales/27312

I thought I’d explore the effectiveness of low mortgage rates in getting the housing market going. I matched year-to-date sales volume where a mortgage was used and mortgage rates broken out by conforming and jumbo mortgage volume. Mortgage volume has been falling (off an artificial high I might add) since 2005, while rates have continued to fall to new record lows, yet transaction volume has not recovered.

Premium member Patrick is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 24 milliseconds to create.