Mindset, Grit & Failure
What is the ideal mortgage interest rate for the U.S. housing market?
Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01Historically, every Fed rate cut has been followed within 3 to 12 months by a 20 to 55 percent decline in the overall stock market, and Stewman argues 5.5 percent — not 3 or 7.5 — is the sweet spot for mortgage rates. source →
In their words
What was actually said
That was just a master class. What is happening in the economy right now that's impacting business? The impact of interest rates being high is having a huge impact, things that aren't even related to real estate, the cash that it's keeping out of the everyday market because those rates are so high, because people aren't doing what you're saying, flipping houses, doing things.
The episodes