Fed Policy Triggers Housing Market Crisis as Mortgage Rates Double and Affordability Plummets
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The Fed's interest rate hikes have doubled mortgage rates in just 6 months, making homebuying much less affordable.
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Quantitative tightening has crushed demand for mortgages and reduced housing supply, distorting the housing market.
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Home prices and sales have dropped due to the combined effects of higher rates and quantitative tightening.
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The housing crisis impacts consumers unequally, putting homeownership out of reach for many Americans.
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Quantitative tightening has amplified the negative impacts of the Fed's rate hikes on housing beyond expectations.