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When Mortgage Lock-In Locks Out Homebuyers

Author

Listed:
  • Ahmad Omar

Abstract

As interest rates rose, home sales fell more than predicted. The era of low rates may explain why.

Suggested Citation

  • Ahmad Omar, 2024. "When Mortgage Lock-In Locks Out Homebuyers," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 9(2), pages 2-9, June.
    • Handle: RePEc:fip:fedpei:98866
    as

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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2024/q2/eiq224.pdf
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    References listed on IDEAS

    as
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    2. Glaeser, Edward L. & Kahn, Matthew E. & Rappaport, Jordan, 2008. "Why do the poor live in cities The role of public transportation," Journal of Urban Economics, Elsevier, vol. 63(1), pages 1-24, January.
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    4. Nathaniel Baum-Snow & Matthew Freedman & Ronni Pavan, 2018. "Why Has Urban Inequality Increased?," American Economic Journal: Applied Economics, American Economic Association, vol. 10(4), pages 1-42, October.
    5. David Autor & Arindrajit Dube & Annie McGrew, 2023. "The Unexpected Compression: Competition at Work in the Low Wage Labor Market," NBER Working Papers 31010, National Bureau of Economic Research, Inc.
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