The podcast features Len Kiefer, Deputy Chief Economist at Freddie Mac, discussing the rapid surge in mortgage rates and its impact on the US housing market. Topics covered include the historic volatility in rates, its effect on home sales and consumer debts, and a comparative study with the 1980s. The podcast also delves into demographic dynamics, the lock-in effect of mortgage rates, reduced homebuilding activity, and the nationwide housing shortage. It concludes by exploring the influence of second homes, vacant housing, short-term rentals, and remote work on the housing market's future.

Freddie Mac Deputy Chief Economist Len Kiefer explains why interest rates are high and if we can expect a 3% rate soon. REALTOR® Linda Rheinberger shares what buyers and sellers can expect in the market. Keith Gumbinger gives tips on getting the best mortgage rate. Melissa Dittmann Tracy discusses home design trends for summer and fall, including window film for energy efficiency.