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Apr 7, 2022

The economy is already responding to higher interest rates

Demand for mortgages dipped last month. We’ll also interrogate the low unemployment rate and look at the impact of expanded banking in underserved communities.

SAN ANSELMO, CALIFORNIA - MARCH 18: A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Sales of existing homes dropped 7.2 percent in February as mortgage rates top 4 percent.
SAN ANSELMO, CALIFORNIA - MARCH 18: A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Sales of existing homes dropped 7.2 percent in February as mortgage rates top 4 percent.
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The economy is already responding to higher interest rates