audriana17 audriana17
  • 25-08-2020
  • History
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Why do you think banks expanded their subprime lending so much in the mid 2000s?

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Valeriaavendana53 Valeriaavendana53
  • 25-08-2020
In the early to mid 2000s, interest rates on house payments were actually quite low. This sudden increase in subprime mortgages was due in part to the Federal Reserve’s decision to significantly lower the Federal funds rate to spur growth.
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