Existing Low-Rate Mortgages Blunt Impact of Recent Rate Surge

Xiaoqing Zhou

Dallas Fed Economics from Federal Reserve Bank of Dallas

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.

Keywords: real estate; monetary policy; inflation (search for similar items in EconPapers)
Date: 2022-12-27
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.dallasfed.org/research/economics/2022/1227 Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:95413

Access Statistics for this paper

More papers in Dallas Fed Economics from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().