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Aug 14, 2019
11:43:20pm
conetah All-American
Lower mortgage rates at this point won’t stimulate home purchases that much.
The New York Times

Mortgage Rates Are Already Lower. They’re Not Helping Much.

If the market since mortgage costs recently fell is any indication, a similar move by the Fed may not have the impact it once did.

https://www.nytimes.com/2019/08/01/business/interest-rates-housing-market.html


housingwire

NYT: Lower rates won't boost the housing market. Here's why

Last week, the Federal Reserve cut its benchmark rate by a quarter percentage point, a move intended to counter signs of a looming economic slowdown. But don’t expect the housing market to according to blossom in response, says a recent article in The New York Times. While cheaper mortgages usually give the housing market a notable boost, the Times says that’s unlikely to happen this time around thanks to rising home prices and a growing affordability problem. Even though home-price growth has slowed sharply in . . .

https://www.housingwire.com/articles/49772-nyt-lower-rates-wont-boost-the-housing-market-heres-why


Refinances will boom but that’s about it. They have already been booming.
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Originally posted on Aug 14, 2019 at 11:43:20pm
Message modified by conetah on Aug 14, 2019 at 11:46:17pm
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conetah
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conetah
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HarlemCoug All-American
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