About this episode
The episode discusses the reasons behind the persistence of high mortgage rates and the challenges of housing affordability in America.
Mortgage rates remain above 6%, home prices are still high and many homeowners are locked into ultra-low rates from the pandemic era. In the second installment of Votes and Verdicts’ three-part housing affordability miniseries, Bloomberg Intelligence editor Michael Sasso speaks with Erica Adelberg, BI senior mortgage-backed securities analyst, and Phillip Millman, founder of Bell Boulevard Consulting and a former Federal Housing Finance Agency executive. They discuss why mortgage rates have been so slow to fall, whether Fannie Mae and Freddie Mac’s bond purchases can move the needle, the limits of portable mortgages and 50-year loans, and why the bigger affordability challenge may be America’s shortage of housing supply. See omnystudio.com/listener for privacy information.
People in this episode
Host: Michael Sasso
Guests: Erica Adelberg, Phillip Millman
Topics covered
- mortgage rates
- housing affordability
- home prices
- housing supply
- financial analysis
Keywords
- mortgage rates
- housing affordability
- Fannie Mae
- Freddie Mac
- home prices
- housing supply
- portable mortgages
- 50-year loans
Mentioned in this episode
Organizations: Bloomberg, Fannie Mae, Freddie Mac, Bell Boulevard Consulting, Federal Housing Finance Agency
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