Matt Levine
speaker
4,099 appearances
10 recordings
1 series
first heard Jun 2026
last heard 5d ago
Matt Levine’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 10 in all, peaking in Jul 2026 with 5.
Appearances
And like this has come up a lot in recent years the other way.
voice-verified
Right.
voice-verified
So like Morgan Stanley is really talking about when rates drop people optimally refinancing.
voice-verified
But like right now rates have gone up in the last few years and people have been really boxed up.
voice-verified
Yeah.
voice-verified
And then people have been like really antsy about that and have thought about ways to unbox them out.
voice-verified
So like if you have like assumable mortgages where like if I have a three percent mortgage and I sell you my house, you can keep my mortgage, right?
voice-verified
I love that.
voice-verified
You love that, but that would make mortgages more expensive in the future, right?
voice-verified
Because it's the same thing.
voice-verified
It's like you would have more optimal exercise and therefore the option would be more valuable and therefore mortgages would be more expensive.
voice-verified
Right.
voice-verified
The best most crazy thing that the US Mortgage Market does is offer thirty year fixed rate mortgages with a free prepayable.
voice-verified
Yeah.
voice-verified
Like it's it's like a very, very subsidized product.
voice-verified
And one way it's subsidized is just like like institutional structures.
voice-verified
But one way it's subsidized is by the fact that people do not exercise it optimally.
voice-verified
Like reading this thing, I loved it like in part because that prepay option is really big and interesting, but also because like so much of consumer finance is like this.
voice-verified
Like credit card rewards are like this.
voice-verified
Like it's easy to be like, oh, people are like not paying attention or being stupid.
voice-verified
Showing 1241–1260 of 4,099 · page 63 of 205
← Previous
Next →