Results 1 - 1 of 1 for PRIME [Author: Yu Man Tam]
Mortgage Originations: 2000-2006 - Economic Synopses
If the recent growth in mortgage originations reflects the decline in the interest rate, then mortgage originations might be expected to decline when the contract rate increases. Indeed, mortgage originations did decline when contract rates rose after 2003. However, the level of originations continued to remain higher on average than pre-2003 levels.
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