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Requirements: Navigate to the Federal Reserve of St. Louis Economic Research site at https://fred.stlouisfed.org Follow the directions and answer the following questions using COMPLETE sentences
Requirements: Navigate to the Federal Reserve of St. Louis Economic Research site at https://fred.stlouisfed.org Follow the directions and answer the following questions using COMPLETE sentences and at least 2-3 pages (1" margins, 12pt font). You may have to refer to your textbook or do a simple internet search to help your response. 1. 30-year fixed rate mortgages (FRED code: MORTGAGE30US) are the most common lending relationship between a homeowner and the lender. Review the rates over the last 50 years and identify at least 3 periods of rising rates. What is the relationship between rates and the status of the U.S. economy during these times
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