Lower interest rates don’t necessarily improve housing affordability

Alexander Richter and Xiaoqing Zhou

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The direct impact of higher mortgage rates on housing affordability has received much attention. We emphasize that housing affordability not only depends on mortgage rates but also on house prices, which have competing effects.

Keywords: inflation; monetary policy; consumer finance; real estate (search for similar items in EconPapers)
Date: 2024-04-02
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:98028

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