Access to Credit
By experts and staff
- Published
Benn SteilCFR ExpertSenior Fellow and Director of International Economics- Dinah WalkerAnalyst, Geoeconomics
Congressional hearings have focused on the question of whether credit is being extended and by whom. Our chart shows why this question matters. The black and red lines show the tight correlation between home price appreciation and mortgage credit growth. The shaded areas show, through the 3rd quarter, that the government is extending while banks and the securities market are contracting home mortgage credit.