By Michael Neal According to the Federal Housing Finance Agency (FHFA), mortgage rates continue to rise and this is confirmed by data from Freddie Mac. The short end of the yield curve, which is most sensitive to monetary policy, has been the primary force behind the increase in mortgage rates. In recent years, short-term rates have put upward pressure on mortgage rates while… Read More ›
Via:: Mortgage Rates Climb in April
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Written by : Michael Neal
Michael Neal is a Senior Economist at the National Association of Home Builders based in Washington D.C. In this capacity, Mr. Neal’s research involves monitoring housing finance issues that impact the U.S. housing market. As a housing economist, Mr. Neal has provided expert analysis and commentary on housing to media outlets around the country. Prior to joining NAHB, Michael worked at the Congress’ Joint Economic Committee, the Federal Reserve, the Congressional Budget Office and Goldman Sachs. He holds a B.A. degree in Economics from Morehouse College, an M.P.A. from the University of Pennsylvania.