Mortgage Applications Surge In Response to Intervention
DECEMBER 24, 2008
“U.S. mortgage applications surged to the highest level in over five years in the latest week, as potential borrowers came out in droves to refinance as government interventions helped push interest rates down to record lows, data from an industry group showed on Wednesday.” (Forbes, Wednesday)
Let the unintended consequences begin.
FEE Timely Classic:
“Nationalization of the Mortgage Market,” By Robert Murphy