Fed Rate Target

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Title: Fed Rate Target

Essay Details:

Subject: Business

Author: Ethel J

Date: March 1, 2015

Level: University

Grade: A

Length: 4 / 968

Essay text:

The South fared better overall with just a 7% decline from the year earlier period (Conkey). Troubling indications that mortgages, especially sub-prime mortgages, are falling past due is compounding the decline. The prevalent use of adjustable rate and other, more exotic loan types by all credit quality customers during the most recent housing expansion could exacerbate the potential problems (Eisinger). Significant rate increases, especially in the 10-year Treasury note that provides the basis for most mortgage rates, could result in significant defaults from customers unable to service their new payment at the higher rate...

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