Federal Reserve Bank of St. Louis: Mortgage Market Structure Key to Divergent Housing Responses During Great Inflation
July 23, 2025
July 23, 2025
ST. LOUIS, Missouri, July 23 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued a working paper titled 'Mortgage Market Structure and the Transmission of Monetary Policy During the Great Inflation,' authored by Aaron Hedlund, Kieran Larkin, Kurt Mitman, and Serdar Ozkan, on June 30, 2025. The report analyzes how differences in national mortgage market structures shaped housing market responses amid the 2021-2024 spike in inflation and monetary tightening, explaining why U.S. hou . . .