Votes and Verdicts: Why Mortgage Rates Are Stuck Above 6%
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’...
By Mariam Traore · Bloomberg
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