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But the oil rush has also brought soaring home prices, makeshift camps for workers, overbooked hotels, and an explosion of heavy truck traffic and crime. Towns are gritty and cheerless. Stacks of pipe.
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Thus, a Fed funds cut will likely have little impact on fixed mortgage rates. The impact will be seen in variable-rate mortgages and home-equity loans. test The border construction project in Organ.
The risk of being on the wrong end of a boom-and-bust cycle is easy to spot in a recent prospectus for commercial-mortgage bond buyers. At Sand Creek Estates, a mobile-home park in Williston.
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