As the World Turns
Dec 21st, 2007 | By Christopher Hancock | Category: Housing
“I do not doubt that a low U.S. federal funds rate in response to the dot-com crash, and especially the 1% rate set in mid-2003 to counter potential deflation, lowered interest rates on adjustable-rate mortgages (ARMs) and may have contributed to the rise in U.S. home prices.”
— Alan Greenspan
Morgan Stanley ...read more
