Graham Stephan, relaying another source: Mortgage rates will fall to 0.5%

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

and it's sold in a massive package known as a mortgage back security. Now, in a normal market, those mortgage back securities are sold off to insurance companies, pensions, hedge funds, and institutional investors at a market rate for those who want to earn a safe, stable return on their money. But when a massive buyer steps in like this with 200 billion at their disposal, it pushes the prices of those securities higher, thereby driving down the yield. And when that yield goes lower, mortgage rates get cheaper. In fact, most analysts predict the drop of about a quarter to a half a percentage point in mortgage rates, which could boost purchasing power by as much as 6%. Even now, the rate of a 30-year mortgage dropped to 5.99%, matching the low from February of 2023. However, even though this is expected to improve buyer affordability and lower monthly home payments, when you have a market like this that is still in short supply of houses, the benefit doesn't go to the buyer first, it goes to the seller. like cheaper financing doesn't solve the root issue. It just gives buyers a temporary means to pay more for the same amount of homes. And that's what brings us to 2026 inventory. Everything

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