Mortgage Rates Hit Highest Since August as War Fans Inflation
Original Report
Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just...
Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse. The average rate for 30-year fixed loans jumped to 6.51% from 6.36%, the biggest weekly increase since the end of March, Freddie Mac reported on Thursday. (Source: Bloomberg)
Glass House Analysis
Housing sits at the intersection of economic policy and the American Dream. For most families, their home represents their largest asset and their primary path to building generational wealth. When housing becomes unaffordable, the social fabric frays—young people delay family formation, workers can't relocate for better jobs, and communities lose the stability that comes from homeownership.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Now is the best time to open a gas credit card: Earn up to 15 cents off per gallon or 3X rewards on fuel
With gas prices rising by over 50% since the end of February, CNBC covers some top co-branded gas cards, as well as more general options.
Trump administration says new EPA rules will save you money at the supermarket. It's not clear they will
Trump delayed Biden-era EPA refrigerant rules, saying the move will lower grocery costs, though the impact on food prices remains unclear.
Oil prices fall as investors hope for U.S.-Iran deal
Iran and the U.S. have made little progress toward a deal since they agreed to fragile ceasefire last month.
Annuity payouts are the highest they’ve been in years. Thanks, inflation.
A silver lining to the cloud of high interest rates.