If 7% Mortgages Are The New Normal, What Happens To American Housing?

The Jon Sanchez Show · Sep 29, 2026 · 33m · transcript

For the last several years, we've been asking the same question:

When are mortgage rates coming back down?

Well, today I want to stop asking that question.

Because right now we're looking at mortgage rates above 7%.

The 10-year Treasury has moved above 5%.

And today the 30-year Treasury reached a level we haven't seen since 2002. Reuters

So here's my question:

What if rates DON'T come back down anytime soon?

I'm not predicting that.

Nobody sitting at this table knows where rates will be two years from now.

But let's conduct an experiment.

Let's assume 6%, 7%, maybe occasionally 8% mortgages…