Industry NewsMortgage

Demand for housing not dependent on interest rates

Study: Increasing wealth, new mortgage products helped renters buy homes
Published on Aug 24, 2006

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The housing boom that followed the dot-com bust was not an artificial bubble created by low interest rates and speculation, but a product of increasing wealth, changing demographics, and new mortgage products that helped renters become homeowners.

That's the conclusion of a study by two economists at the Federal Reserve Bank of Chicago ...

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