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Rate Hike no Concern for Freddie's Chief Economist
Tuesday, January 5, 2016
Freddie Mac is dismissing concerns of some analysts that the
change in the Federal Reserve's monetary policy may bode ill for the housing
industry. The company's vice president
and chief economist Sean Becketti welcomed the New Year with an upbeat rebuttal
of those concerns on Freddie Mac's Executive Perspectives blog.
Becketti said that he does not share the worries about the
December hike in the fed funds interest rates boosting mortgage rates, reducing
home affordability, or reversing the recent improvements in housing numbers. He cites several reasons for his view.
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