Jerome Powell says it’s ‘different this time’—and Americans and their mortgage rates are a key reason why

3 comments

1. I think most of the millenials buying houses in the last 5-10 years were extremely weary of adjustable rate mortgages. Locking in at historically low rates is going to mean most people will get to stay in their houses while riding out a recession but those people likely won’t be willing to sell with a rate locked in like that which will create its own issues down the road,

2. *Longer… for longer.*

3. AAAHAHAHAHAHAHAA!!!!