Coin Bureau, relaying another source: Mortgage rates — no direction stated

The window it was checked over

30-year fixed mortgage rate: Freddie Mac PMMS via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

on a long-term decline this is significant because most economic growth in the US is driven by consumption less consumption means less economic growth the authors also point out that the FED intends on doing one more rate hike and keeping rates High into 2024 if you watched our video about the fed's last press conference you'll know that chairman Jerome Powell appears to be very concerned about a recession this could change the fed's interest rate plans that said the authors then highlight the fact that consumers apparently do not plan on reducing their consumption despite the declining confidence they're also not planning on buying houses anytime soon this makes sense considering that mortgage rates are at multi-decade highs what's fascinating is that many people who recently purchased homes have decided to lock in their current mortgage rates this presumably implies that they believe interest rates will rise even higher than they already are this is an outcome that the authors also foresee due to housing driven inflation if you watched our video about the housing market from last year however you'll know that the thing that drives housing prices is ultimately the demand for short-term

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.