This podcast episode features a conversation about the outlook for mortgage rates and the housing market over the next 12 months. The speakers predict a decrease in mortgage rates, which will improve affordability in the housing market. They discuss the factors driving the tightening basis between secondary mortgage rates and treasuries, including supply and demand. The speakers also highlight the factors supporting affordability and sales in the housing market, such as money manager-supported inflows and regulatory clarity. They expect an increase in new home sales, existing home sales, and home prices, with a focus on new home sales and single unit starts experiencing significant growth. Overall, the episode provides insights into the future direction of mortgage rates and the potential impact on the housing market.
