Surveillance: Subramanian Lifts S&P 500 Target
Bloomberg Surveillance
00:00
The Importance of Mortgage Rates in the Housing Market
The Fed will succeed with getting inflation down and we should not doubt their commitment to get inflation back to 2%. The fact that there are more bits per home sold now than there were six months ago is just stunning when you think about where mortgage rates are. So this may be several months down the road because, again, remember both the banking sector tightening conditions and also mortgage rates at these levels.
Play episode from 27:05
Transcript
