To Buyers, Mortgage Rates May Be Overrated
Regan Hagestad
July 27, 2015
An online post in the July 8, 2015 issue of “Liberty Street Economics,” a publication of the Federal Reserve Bank of New York, sheds light on how lenders’ down payment requirements and mortgage rates affect the demand for homes. The post summarizes key points of a staff report by senior economists Andreas Fuster and Basit Zafar that analyzed results of the 2014 SCE Housing
