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Mortgage refinancing in high demand as rates fall lower In September 2011, the Fed announced a new policy in which it would invest in additional mortgage-backed securities in an attempt to further reduce mortgage rates and boost the housing market. Lower mortgage rates should lead to an increase in refinancing, which should _____ disposable income and therefore _____ aggregate demand.
Mortgage rates finally did what they were supposed to do today. Specifically, they fell in response to. It makes sense to remain defensive (i.e. generally more lock-biased) because the headwinds.
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