Mortgage Markets


When Mortgage Lock-In Locks Out Homebuyers

Economic Insights — Historically, housing sales decline when interest rates go up, but sales have dropped more than expected since the current cycle of interest rate hikes began in early 2022. Mortgage lock-in may explain why.

Audience members sitting and writing in notebooks on their laps

The Best Answers Start with the Right Questions

Global Interdependence Center 42nd Annual Monetary and Trade Conference | Philadelphia, PA

Mortgage Markets

Working Paper

Paying Too Much? Borrower Sophistication and Overpayment in the U.S. Mortgage Market

WP 24-11 – Comparing mortgage rates that borrowers obtain to rates that lenders could offer for the same loan, the authors find that many homeowners significantly overpay for their mortgage, with overpayment varying across borrower types and with market interest rates.

Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency

Aerial view of a manufactured housing community.

Manufactured Housing Communities in New Jersey: The Basics

This report takes a comprehensive look at manufactured housing communities in New Jersey. This little-studied type of housing can provide low-cost homeownership opportunities but carries some risks and drawbacks for homeowners.



The Evolving Structure of Housing Markets: Institutional Investors and Their Influential Role During the Great Recession

Research in Focus — A model of U.S. housing markets by Dick Oosthuizen illustrates how corporate investors helped mitigate price declines during a prolonged recession.





Manufactured Housing: Increasing Access and Preserving Affordability

9:30 a.m.–2:00 p.m.

Federal Reserve Bank of Philadelphia (Hybrid)