The Golden Handcuffs on Housing

Mortgage rates got up into the unknown zone here where it's a rate of change situation. People are passively aware, but if they're not in the market to be moving or shifting their life circumstances, they only know what they're hearing secondhand on this. If you want to move from New York to Philly, here's your 7% mortgage. How are you going to do that? There's a labor mobility issue,. It goes much deeper than that, but it doesn't end tomorrow.How does it end? You wonder if at something like things like stock sellers finally get to the point where they can liquidate?"