Post #1059566: Jay Powell: "Activity in the housing sector has…
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Jay Powell: 'Activity in the housing sector has weakened significantly, in large part reflecting higher mortgage rates.' The data shows that rates going from 3% -> 6% has disqualified 18 million households from qualifying for a $400K mortgage.

Jay Powell: 'Activity in the housing sector has weakened significantly, in large part reflecting higher mortgage rates.' The data shows that rates going from 3% -> 6% has disqualified 18 million households from qualifying for a $400K mortgage.

Sep 21, 2022 06:28 PM |
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ericfinnigan
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