The Negative Effects of Mortgage Rates

David Frum: Most people run from things because they're living in two worlds at once. He says there's outsized negativity, a lack of safety, crushing uncertainty and misallocation and mismeasurement. The economy is loud and to be discussed more in the negative section, he says.Frum: People are not happy that mortgage rates are so high. They don't know if inflation is falling or what it means for home ownership.