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But analysts say the dip is likely to be temporary.
It all depends on how much inflation the central bank sees in the economy.
So far, that hasn’t had a chilling effect on applications.
Alex Hendee is among those who benefited from the housing market disruption caused by the pandemic.
On Wednesday, the Nasdaq lost more than 3%. The S&P 500 sank nearly 2%. Cryptocurrencies fell, too. Is that all related?
Consumer loans and credit cards are sensitive to interest rate hikes. Long-term government bonds could also rise, affecting mortgages. But banks may not raise rates by much, to stay competitive.
Despite Federal Reserve action, inflation may persist for homes, but gasoline and food prices may respond more quickly.
The U.S. economy will need to keep improving in order for rates to go up.
Wealthy people and their savings are driving down interest rates, a recent paper suggests. Marketplace contributor Chris Farrell explains it.
The type of companies that have gone public this year are often in sectors that have done well during the pandemic.