Fed HIKES Rates As Mortgage Costs SKYROCKETS | Breaking Points with Krystal and Saagar

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Krystal and Saagar analyze the Fed’s interest rate hike and how it will affect the housing markets where mortgage rates are skyrocketing

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  • Comments

    Ray M says:

    Having wealth through home equity never really made any sense to me because you need the next generation to have higher incomes to pay for those homes. Instead we have a relatively poorer next generation who just have to spend a much higher portion of their lower incomes.

    Poindexter's Heel Turn says:

    For those that believe in THE MOST HIGH GOD remember
    “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal.
    Mathews

    Bill Flipper says:

    These 2 are just horrible on economics and should out source it. That's putting it nicely.

    Cinco X says:

    Interest rates are transitory. The selling price isn't. Buy with an ARM and wait a couple of years to refinance when interest rates are lower

    Eno Shadowwalker says:

    Banks raise rates when it helps them not us.
    The banks go in the red when they collapse the bubble but with bailouts the never skip a beat while they take young peoples houses away.
    Then massive profits.
    Rinse and repeat

    O. N. says:

    Looks like the Great Reset is moving as scheduled. “You will own nothing and be happy.”
    It’s not a conspiracy theory when it’s actually playing out in reality.

    Aaron Stan says:

    This is such a big mistake. I'm a loan officer and there are so many people struggling right now and the only life line they have is pulling cash out of their homes equity. Now with the higher rates they don't qualify.

    MMAFighter38 says:

    Krystal is worried about inflation and gas prices affecting democrats’ chances in November

    Burt Frisselle says:

    The “tool” was wrongly used for the past decade plus keeping rates far lower than historical averages on top of qualitative easing! Throw in the fact that the fed is the mechanism that allows the government to debt spend and our government ran away with debt spending since GWB and here we are. I pointed all this out to you two on your first inflation video back in March if 2021 I believe and you two still don’t get it!!! When are you going to discover what 5% rate means for government spending and how much will go towards just servicing the debt. The pain is going to get far worse! This is the hangover after the biggest monetary bubble ever created.

    MKCULTRA says:

    Imagine the day when the corporation you work for owns your home

    Darth Odan says:

    Rent prices increasing can be a result of interest rates going up. If the owner of the property had an adjustable interest rate then the fed hiking rates will result in the owner paying more, thus having to raise rent to afford the mortgage.

    Jose Mauricio says:

    Wish you guys would discuss more about the available programs to people in states for first time home buyers. Your making it seem impossible for people when it's not. Yes it's bad but at least explain to people there are programs out there to assist them.

    HowAboutUrinalCakes says:

    There are more housing unit under construction right now than ever before in history, with multi-family starts still going strong. When these are all completed at the same time, it will affect rent prices. Why is this never brought up?

    Please get Ivy Zelman or Bill McBride on the show. Random tweets and articles from the outlets you regularly bash are only telling a sliver of the story.

    Mike Batshon says:

    I don’t think anyone should be punished for owning multiple homes, landlords take on risk buying a home and they should be rewarded. Someone mentioned below about giving first time home buyers a 1% loan, I think that is a good idea but it may cause a supply constraint, I don’t believe people will sell a house when the time comes, the cheap rate will cause many of the people to keep the home. This isn’t a easy issue to solve. I think the best thing to do is to restrict funds from buying single family homes

    jstreets1983 says:

    Capitalism doesn’t and will never work.

    Greg B. says:

    It could be worse, America. You could live in Canada under Justin Trudeau, where we pay up to 50% of our wages to own homes.

    Adam Dominguez says:

    Saggar and KB all Full Belivers in MMT, so of course they are losing their minds cause the Fed Rate is 3.25%… God for Bid we get Postive Real Rate (inflation<Fed rate)

    Youssef Hamidi says:

    I saw this coming over 18 months ago and it’s why I locked my rate 7 months in advance and got a new construction home under contract in May 2021. Very happy with my decision. Good luck all.

    Jo1974 says:

    This is what happens when you attack production of energy and manufacturings. I have been working on building permit of my house since December 2020. Environment assessment alone took me 6 month and 4K

    HōBōSTEW says:

    Average annual raises in my state…2-4%
    Average annual rent increases in my state…14-27%
    …..Unsustainable…..

    Adam Dominguez says:

    Bought my house in 09' for $105k… Zillow had it at $480k (Cali) … this was because rates where stupid low

    grospipo20 says:

    The fed should raise the interest to 7% all those 660K house will come back to 330K just keep it there for a few years. Housing is on sugar high it needs crashed down to earth. I am pretty sure the economist at the fed knows that.

    Patrick Bateman says:

    These two were saying *There's no inflation, team transitory." 😅🤣😂😅🤣😂😅🤣😂

    kingsreng says:

    Good. I look forward to the next crash and recession. The worse things get, the more I will enjoying watching idiot Russiagater Krystal Ball giving her retarded explanations as for what's best for the economy.

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