Regression for 30-year Mortgate Rate
|
| Dependent variable (+/- SE): |
| |
| 30-year Mortgate Rate |
|
| Constant | 0.589 (+/- 0.569) |
| p = 0.308 |
| SP500 Stock Price Index | -0.001 (+/- 0.0003) |
| p = 0.00001*** |
| Unemployment Rate | -0.112 (+/- 0.038) |
| p = 0.007*** |
| Home Price Index | 0.030 (+/- 0.006) |
| p = 0.00004*** |
| US Avg Retail Gasoline Price ($-gal; all grades, all formulations) | 0.601 (+/- 0.126) |
| p = 0.00004*** |
| 1-month Treasury Yield_2 | 0.059 (+/- 0.017) |
| p = 0.002*** |
|
| Observations | 40 |
| R2 | 0.876 |
| Adjusted R2 | 0.858 |
| Residual Std. Error | 0.391 (df = 34) |
| F Statistic | 48.084*** (df = 5; 34) |
|
| Note: | *p<0.1; **p<0.05; ***p<0.01 |