This is a YouTube video titled "🔥 Inflation 🔥" containing a monologue by Dane Kaufmann explaining the impact of rising inflation on mortgage rates, recorded on July 19, 2021. The content focuses on economic concepts related to lending and interest rates in the context of inflation.
The latest inflation news is a huge deal for mortgage rates. Imagine if you were lending somebody $100 today and knowing that inflation is going up at a rapid pace, that in 30 years when that loan is done, that hundred dollars will only buy a pack of gum. Well, you'll have to charge. You'll want a higher rate of return or higher interest rate on all other current loans going on while you can get that money. That's how lenders look at it from a bigger perspective, and that's why rates are going up as inflation goes up. The latest inflation news is a huge deal for mortgage.
