Posted April 13 2020, 11:00 AM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate

Matthew Gardner Weekly COVID-19 Housing & Economic Update: 4/13/20

Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate

This week on “Mondays with Matthew” Windermere Chief Economist Matthew Gardner discusses the impact of COVID-19 on 30-year-mortgages and gives an updated 2020 interest rate forecast.

 

 


6 Comments

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  • Matthew, 1st. Thank you for your informative video. You do a great job with a subject [ Economics ] that many might find a bit dry. I have a degree in economics from Akron University and listening to you reinforces the fact that I was sleeping in class. We build new homes and multi family for rent. A subject that might be of interest to your viewers would be; Rent control and its cousin, inclusionary zoning

    Posted April 14 2020, 8:19 AM by Dave Edelstein Greenbriar Construction Corp Bellingham Wa.

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    • Thank you, Dave. I will add that topic to my list!

      Posted April 14 2020, 11:34 AM by Matthew Gardner

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  • Insightful, Interesting, Helpful for clients...as well as...Me! Thank you Matthew, Thank you WHE!

    Posted April 13 2020, 10:02 PM by Debby Neff

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    • Thank you!

      Posted April 14 2020, 11:33 AM by Matthew Gardner

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  • If we should see COVID-19 numbers begin to drop down, do you think this could have a positive impact on mortgage rates? What could happen to mortgage rates/sales should we have a re-emergence of COVID-19 in the fall? Would that negatively impact rates and sales? I assume it would impact sales since people would be travel-restricted.

    Thanks...I enjoy your series.

    Posted April 13 2020, 8:43 PM by Gregory Olsen

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    • As I say in the video, I anticipate - all things being equal - that rates will be lower at the end of the year than they are today.

      If there is one thing that could negate my forecast, it would be that the Fed stops buying MBS. They have significantly slowed purchases over the past few days and that has led rates to rise (but only by around 10 bps).

      Irregrdless of the Fed and their actions, I still expect rates to remain very competitive.

      Posted April 14 2020, 11:38 AM by Matthew Gardner

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