Mark Zandi, Chief Economist of Moody’s Analytics
The Walker Webcast
00:00
The Impact of the Refi Wave on the US Consumer
The consumer mark is still very healthy as it relates to two things, one, savings and the overall debt load. People have refied down into the previously record low interest rates. The average coupon on the existing single family mortgages is about three and a half percent. It's also one of the biggest distinctions between our economy in everywhere else in the world.
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