Falling Mortgage Rates Are Not Creating Housing Sales

By Patrick   follow   Tue, 27 Nov 2012, 11:48am PST   ↑ Like   ↓ Dislike   287 views   0 comments   Watch (0)   Share   Quote  


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.


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