The Path to 8% Mortgage Rates

Dave: This has been an insane week in the bond market and subsequently in the housing market, we have seen bond yields rise to the highest they’ve been in over 20 years. And if you listen to this show, you know that has direct implications on mortgage rates and on the housing market. And so today I have Kathy and James here. And although we were supposed to do our traditional headline story, we got to talk about what is going on in the bond market, what it means. Should we all be panicking or is this actually an opportunity? I’m Dave Meyer. This is On the Market. Let’s get to it. Welcome to On the Market, everyone. Kathy, how’s it going? Good to see you. Kathy: It is going so great. I think I’m over my jet lag and back to normal. Dave: Glad to hear it. After a glorious European wedding for your daughter, congrats again. Thank you. James, how are you doing? James: I’m not as rested as Kathy. I’ve been kind of in the trenches. It’s been a grind the last couple weeks. Dave: Yeah. Well, that’s kind of what I want to talk about today. We were planning to do our normal headline episode, but I just want to talk to you both about what’s going on right now in the housing market and mostly i...