July 30, 2012
This Chart Proves the Relationship Between Mortgage Rates and Home Prices is FALSE!
It's a simple argument; the Federal Reserve is lowering interest rates in an effort to stabilize prices. In a clear move intended to stabilize the housing market and lower mortgage rates, the Federal Reserve purchased mortgage backed securities. The below chart shows mortgage rates (blue line, left axis) and y/y home sale price changes (green line, right axis) The bottom chart includes a four quarter moving average of house prices (in black). Please explain to me how the below chart distinguishes that relationship?
Popular This Month
TRUE PROGRESSIVISM: A LESSON FROM TEDDY ROOSEVELT I've noticed in the health care debate that liberals are constantly digging up Te...
DISCLAIMER: Before anyone reads this article, I want to make it crystal clear that I am not defending the current actions of the Federa...
Milton Friedman discusses the problem with government support of companies through subsidies. Think about the consumer and choice. Do they...
I know this is old news by now, but last week, the GOP proposed an alternate budget to what the Obama administration is proposing. Paul ...