Orla McCaffrey
speaker
593 appearances
13 recordings
1 series
first heard Mar 2020
last heard Jun 2022
Orla McCaffrey’s voice in public audio — every appearance, attributed to the second.
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Appearances
So rising mortgage rates are definitely a sign of investor optimism.
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And we know that because something called the yield on the 10-year treasury is rising.
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And that is basically an investment that investors like during times of economic uncertainty and that they kind of tend to stay away from during times when they feel optimistic, which is happening right now.
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because of improving COVID-19 vaccination rates and expectations that a large federal stimulus bill will be passed here in the coming weeks.
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Investors, instead of piling into what we call government bonds, which are safe haven assets, they're putting their money instead into more risky assets like stocks because they believe that the economy really is on a path to recovery.
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You know, it's really unlikely that the housing market is going to weaken because even though rates are rising, which might
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make a couple of people on the margins decide not to buy a home or decide not to refi.
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The other factors in the housing market are just so strong.
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There are barely any homes available right now.
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Inventory is very tight.
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Prices are rising.
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There are way more potential buyers than there are sellers.
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People are staying in their homes longer.
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So the fundamentals of the housing market are very strong, and it will likely continue to support the broader economic recovery.
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So economists do expect rates to continue drifting higher.
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They don't expect them to spike in any kind of a major way that would really offset the spring selling season, but they are expected to keep rising because of investor optimism that the economy is on a path to recovery.
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They're definitely watching where rates are because the spring is a very important time.
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About 40% of all home sales are made between March and June.
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So it's really a crucial season.
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Last year, that season was pushed back a bit into the summer because a lot of functions of buying and selling, you know,
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Showing 341–360 of 593 · page 18 of 30
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