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Managing a recession, housing market insights & more with Redfin's Glenn Kelman + OK Boomer | E1616
This Week in Startups
Mortgage Rates Aren't Trading With the Consumer Price Index
The Fed has said prepare for us to take this rate up to five percent, whatever. And we're going to hold it there for now. So a hold is the equivalent of a raise in this analogy they've been saying. Except that the mortgage markets have priced in so much of that. What's really interesting is that mortgage rates don't really trade anymore with what the Fed does. They trade with the Consumer Price Index because people feel like they don't really have a choice at the Fed.
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