Definition: The word "Why Mortgage Rates Are Not Going Down" might refer to a variety of reasons, including:
1.
Market Conditions
: It could be referring to the overall economic climate that affects consumer spending, leading to reduced mortgage demand or uncertainty in interest rates.
2.
Mortgage Interest Rate Control by Federal Reserve
: The Fed has set specific interest rate targets for various types of mortgages. If those target levels are not met, there is pressure on banks to maintain these levels, which can lead to higher borrowing costs.
3.
Inflation
: High inflation rates might make it more expensive for borrowers to purchase a home due to the increased cost of goods and services in general.
4.
Credit Suisse's Rates
: This is an alternative to the Fed target rate but focuses on the interest rate on all types of mortgages, not just first-time buyers. This could be especially relevant given that rates are falling on some types of mortgages (e.g., adjustable-rate) due to lower costs and uncertainty.
5.
Banks' Risk Management
: Some banks have been increasing their risk management strategies, possibly to help prevent loan losses or to increase the value of their mortgage portfolios.
6.
Lending Limits for Home Buyers
: Some lenders may be limiting the types of mortgages they can issue or the amount of down payments needed.
The precise definition of "Why Mortgage Rates Are Not Going Down" will depend on context and specific data, but these are some potential interpretations.
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