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U.S. 30-Year mortgage predominance doesn’t seem to delay impact of Fed rate hikes
Abstract: After comparing economic data of the U.S. and other major advanced economies, we find tentative evidence that the slow adjustment of the outstanding mortgage rate in the U.S. has not played an important role in delaying the intended effects of the monetary tightening.
Keywords: banking; finance; inflation; international economics; monetary policy; real estate; mortgages;
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https://www.dallasfed.org/research/economics/2024/0116
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-01-16