Chapter
The Impact of Interest Rate Changes on Mortgages and Housing
11:41 - 16:09 (04:27)
Banks aim to predict future inflation when setting mortgage rates to maximize profits. Fluctuations can have immediate and long-term effects on the economy, causing changes in home buying and construction jobs.
Clips
In this podcast, the hosts provide an overview of how regular interest rates work.
11:41 - 12:15 (00:33)
Finance
Summary
In this podcast, the hosts provide an overview of how regular interest rates work.
ChapterThe Impact of Interest Rate Changes on Mortgages and Housing
EpisodeThe Scintillating World of Interest Rates
PodcastStuff You Should Know
Banks conduct research to predict future inflation rates in order to set mortgage rates.
12:15 - 16:09 (03:54)
Mortgage Rates
Summary
Banks conduct research to predict future inflation rates in order to set mortgage rates. Home buying slows down as mortgage rates increase, leading to a decline in housing prices, and ultimately, fewer jobs in the construction industry.