One Economist's View of “Real Mortgage Rates”
Mischa Fisher, chief economist at the well-known internet services company, ANGI, has this interesting take on the mortgage market: “Real mortgage rates, the mortgage rate less the inflation rate, are negative for the first time in 40 years, so mortgages are not as expensive as they look when controlling for inflation. Inflation itself tends to serve as a floor for house price growth, with most quarters over the last 40-50 years facing higher home price growth than consumer price growth/”
Source: www.marketwatch.com, economist predictions
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