How Will Rising Mortgage Rates Impact Housing?

The video discusses the role of housing in the US economy, highlighting the impact of interest rates on the housing market. It compares the current situation to the 2013 taper tantrum, noting that the increase in mortgage rates is smaller now. The video explores how these changes affect home sales, broker commissions, and GDP. It also examines the dynamics of housing prices and refinancing activity, concluding with an optimistic outlook for housing due to improving economic conditions and increased demand from millennials.

In what ways might higher mortgage rates dampen housing prices?

What are the long-term implications of underbuilding in the housing market?