TITLE

Time to Hold 'Em or Fold 'Em? Economists Disagree on Mortgage-Rate Risk

AUTHOR(S)
ANDERSON, HEATHER
PUB. DATE
July 2009
SOURCE
Credit Union Times;7/22/2009, Vol. 20 Issue 29, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers the analysis of several economists on mortgage-rate risk in credit unions (CUs) in the U.S. It states that they agree on why CUs are booking more mortgages on their balance sheets, but those who advise CU financial managers disagree on whether holding mortgages is a good strategy. Tun Wai predicts that the federal funds rate will remain at 0.25 percent for the rest of 2009, but cost of funds will increase. Steve Rick says that economic recovery in 2009 will be very weak.
ACCESSION #
43385288

 

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