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Everything is Up This Year (EP.319)

Animal Spirits Podcast

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The Mortgage Rate Lockdown

Len Kiefer at Freddie Mac has some good stuff on the mortgage rate lockdown that we haven't seen before. He said in a rising rate environment homeowners with a fixed mortgage provided by Freddie Mac have locked in over $50,000 per household in value. Jacoby: I think this is like an annuity stream that people have created by not having to go to market rates. We estimate that considering the company's single family mortgage portfolio, homeowners of fixed rate mortgage finance by FreddieMac have locked in savings of a collective $700 billion in total value.

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