Blog
Existing Low-Rate Mortgages Blunt Impact of Recent Rate Surge
Abstract: The prevalence of low-rate mortgages suggests that future policy rate cuts may not as effectively stimulate household spending through refinancing as during past recessions.
Access Documents
File(s):
File format is text/html
https://www.dallasfed.org/research/economics/2022/1227
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2022-12-27