This Is What an 8% Mortgage Means For the Housing Market | Odd Lots
发布时间 2023-10-18 20:40:43 来源
摘要
Mortgage rates have surged over the last couple of years. But surprisingly to some, actual home prices in the US have been resilient. This has created a historic shock to affordability, with a typical monthly payment on a home purchase soaring. But how long can this go on? Particularly as rates continue to rise, with a 30-year fixed rate mortgage near 8% now, we speak with Morgan Stanley housing strategist, and past Odd Lots guest, Jim Egan, about the impact of this rate environment. He explains why we may be at the limit to how far house prices can rise, and why at this point, the key variable is whether more supply comes onto the market.
Intro -- 00:00
What would happen if mortgage rates were to stay at 8%? -- (04:49)
Moving away from the peak refinancing period — (08:12)
Less volatility in the mortgage rate and market — (12:52)
Is demand exceeding supply? — (14:54)
Is the soft-landing scenario off the table? — (18:24)
Does affordability matter and how does it play out? — (26:05)
What could a potential recession coupled with an uptick in unemployment mean for supply? — (29:08)
Resilience of the housing market and what it means for monetary policy — (33:33)
Home ownership rate is still 65-66% — (35:00)
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Check out more Odd Lots: https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV
Get the Odd Lots newsletter via https://www.bloomberg.com/account/newsletters/oddlots
And for all things Odd Lots, visit https://www.bloomberg.com/oddlots
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
#Bloomberg #Podcast #OddLots
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
For coverage on news, markets and more: http://www.bloomberg.com/video
GPT-4正在为你翻译摘要中......
