Lower Rates Already Hit Housing. They’re Not Helping Much.

Cheaper mortgages are usually a boon to the housing market. But this
year, a sharp drop in mortgage rates hasn’t provided much of a lift, and
that could bode poorly for the Federal Reserve’s efforts to shore up
economic growth.

Publisher: NYTimes | Author: Matt Phillips

TAGS
economy, federal reserve, and recession
DATE PUBLISHED
2019-08-02 (Modified: 2019-08-02)

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https://www.nytimes.com/2019/08/01/business/interest-rates-housing-market.html?action=click&module=Top%20Stories&pgtype=Homepage

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