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Value After Hours S04 E34: Build-a-Bear Workshop; The Gini Coefficient; and Graham on Margin

The Acquirers Podcast

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Mortgage Rates Are Popping Up to 7%

Mortgage rates are popping up to 7% you guys see that? That's wild, isn't it? No one's taking them out anyway. Volumes have to be just absolutely dried up on that, right? Yeah. Also like mortgage industry is fucked, at least until the rates come down. How mispriced are houses right now if mortgage stay at 7%? They're not going to stay there. There will be some forced liquidations, but is that the market clearing price of the average house? I don't think so. I think it'll trade down a lot. We'll see.

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