Where tighter monetary policy hits homeowners hardest
It focused on Canada's housing market — where the vast majority of mortgagesconsidered "fixed-rate," which reset every two to five years. The findings have implications for other countries, where shorter-horizon fixed mortgages are common.
"From the accounting point of view, [it] means that they must have either reduced their other spending or their savings," Katya Kartashova and Xiaoqing Zhou, the paper's co-authors, said in an email.
On the other hand, it means the burden of policy overwhelmingly falls on homeowners. The result could be political backlash: Philip Lowe, Australia's top central banker, today
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Auburn finishes strong in tight win over Saint LouisAUBURN - KD Johnson absolutely hurled it.
Leer más »
Texans tight end Jordan Akins’ up-and-down game includes touchdown, lost fumbleTexans’ veteran tight end Jordan Akins got popped during the first half of a 30-15 loss Sunday to the Miami Dolphins by safety Eric Rowe. texans kprc2 click2houston sports jordanakins
Leer más »
Early Addition: Someone voted for 'Your Mom' in the tight NJ-7 raceHoliday counterfeit purse shopping is in full swing in NYC, so here are your morning links: The crypto meltdown has hit Miami's nightclub scene hard, someone voted for 'Your Mom' in a tight New Jersey election, trying to make menopause cool and more.
Leer más »
Rob Gronkowski plays baseball with marshmallows in supermarket: ‘Holy smokes’Former superstar tight end Rob Gronkowski showed off his prowess in a different sport: baseball.
Leer más »
Anthony Fauci: RSV cases at 'critical' point, hopeful rates decline soonSpiking cases of RSV among children are at a critical point in the U.S. but will hopefully begin declining from their peak soon, Anthony Fauci said today.
Leer más »
As Mortgage Rates Rise, More People Choose to Rent Single-Family HomesConsumers faced high real-estate prices are pressing the pause button on buying a single-family home. They are increasingly renting one instead.
Leer más »