It all amounts to annus horribilis for China’s currency, which went from a 2.31% in global trade payments in December 2015 to 1.68% in December 2016.
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
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