Lindsay Politi on the Silicon Valley Bank Fall-Out, Duration Bubbles and Inflation
Macro Hive Conversations With Bilal Hafeez
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What's Happening in the UK Mortgage Market?
US mortgage market is one of the ways for people to most intuitively understand the duration issue where. historically people would only stay in their homes for maybe five to seven years. But now a lot of Americans, myself included, if you look at the concentration of the mortgages, the average mortgage is very highly concentrated. For the Fed, it really blunts one of their levers in terms of using interest rates to bring down inflation and growth.
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