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Housing in an Era of Rising Rates and Uncertain Downturn
New York AP analysis warns of an extended expansion aging into tougher times with higher mortgage costs and rising rates. It notes housing may endure first from inflation and downturns, while mortgage availability tightens as savers shift funds, and regulators ease only slightly.
MENTIONED IN THIS ARTICLE
New York
Federal Home Loan Bank
Advance Mortgage Corp
Citibank
Savings and Loan Associations
Mutual Savings Banks
Morgan Guaranty