RESEARCH BRIEF

Housing Market

Living Cost Sensitivity and Slower Household Creation Modify Demand Flows

Sequence of rate hikes decay housing affordability. In late July, the Federal Reserve again lifted the overnight rate by 75 basis points to a target range of 2.25 to 2.50 percent. This will likely apply additional upward pressure to mortgage rates, with the 30-year fixed-rate already climbing more than 200 basis points this year to 5.3 percent at the end of July...

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Published on 2022-08-03 14:46:33