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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the extremely rare phenomenon of real, negative mortgage rates – when the average 30-year, fixed mortgage rate is less than the rate of inflation – and explain what it means for the housing market.
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the extremely rare phenomenon of real, negative mortgage rates – when the average 30-year, fixed mortgage rate is less than the rate of inflation – and explain what it means for the housing market.
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