Harker: Banks tell Fed there is almost no activity for first-time home buyers

  • Seeing some increase in consumer credit trouble but not a major concern yet
  • Prefers core inflation measures to headline
  • Commercial real estate risks are a concern, cites downtown office space

A 30-year fixed mortgage is running at about 7.7% right now, so it’s no surprise that first time home buyers are struggling to pay up.

This article was written by Adam Button at www.forexlive.com. Source