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The central bank has made its portfolio a key part of monetary policy. But the balance sheet’s economic impact isn’t entirely clear, experts say.
But profit margins are shrinking, and the flipping boom may be coming to an end.
It’s largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.
The number of pending sales is down from last year, but homes are still selling quickly.
The central bank is raising its key interest rate by three-quarters of a percentage point.
But it’s great for Americans who want to buy imports.
The median payment on a new mortgage increased almost 9% from March to April.
For those who understand Fed lingo, the minutes can hint at divisions or disagreements, and where Fed policy may be headed.
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
Until the ECB became the first major central bank to try it, making interest rates negative seemed like defying economic gravity.
