It Will Take More Than Lower Mortgage Rates for a Housing Rally

The Federal Reserve is hoping that its latest interest-rate cut will help keep the economy safely at cruising altitude. But don’t expect it to provide much of a lift to the housing market. Few economists expect the housing market to take off in response to
this week’s rate cut, because rates aren’t what was holding back housing
in the first place. Instead, they point to other factors.

Publisher: NYTimes | Author: Ben Casselman

TAGS
campaign promises, economy, federal reserve, recession, and trump agenda
DATE PUBLISHED
2019-11-01 (Modified: 2019-10-31)

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https://www.nytimes.com/2019/10/31/business/economy/fed-mortgage-rates.html?action=click&module=Top%20Stories&pgtype=Homepage

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