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Podcast: Earn Your Leisure
Episode: Mortgage Rates Surge to 7.5%: Are We Facing a Housing Affordability Crisis?
Description: In this insightful clip, Ian Dunlap, Rashad Bilal, and Troy Millings dive deep into the current state of the US housing market as 30-year mortgage rates soar to 7.5%—levels not seen in decades. The conversation kicks off with pressing questions: Are we witnessing the early stages of a housing affordability crisis? What does this mean for homebuyers, sellers, and the broader economy?Ian discusses the broader bond market issues, including the recent U.S. Treasury auction struggles and the looming $5 trillion interest payment Americans might face over the next decade. Troy highlights how rising ra...