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The Bet
The Compound and Friends
The Fed's Upside Down Turns the Housing Market Upside Down
Redfin updated its stats of where today's homeowners fall on the mortgage rate spectrum. Peter talks about mortgage holders and how they're doing in the current market. How many homeowners would you guess have a mortgage rate locked in below 3%? 60%. 23 and a half percent that's it. Below 4%. Oh, that is much harder. With three, you have to nail the bottom pretty much below 5%, 82.4% have a rate below 5.
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