Re:Rocket Mortgage to trim 8% of workforce as home-loan mark...
by gowld on Thursday April 28, 2022 @01:27PM
(#31195388)
Which bubble?
A refi bubble? Maybe (but that's more of a fad than a bubble)
Real estate bubble? Sort of.
Housing affordability bubble? Not really. Interest rates move profits from home sellers to banks.
Housing affordability is driven by supply+demand. Housing prices are driven by" Affordability minus Interest Rates: Low Rates + High Price = Monthly Payment = High Rates + Lower Price
A refi bubble? Maybe (but that's more of a fad than a bubble)
Real estate bubble? Sort of.
Housing affordability bubble? Not really. Interest rates move profits from home sellers to banks.
Housing affordability is driven by supply+demand. Housing prices are driven by" Affordability minus Interest Rates: Low Rates + High Price = Monthly Payment = High Rates + Lower Price