🔥 Econ 101: Fannie & Freddie Can’t Fix What They Didn’t Break
Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS ECON 101: the host analyzes the U.S. housing affordability crisis, focusing on the government’s directive for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities. The discussion explains why this move is unlikely to meaningfully lower mortgage rates or improve affordability, emphasizing that rates are driven by broader market forces. The episode also highlights the limited impact of compressing mortgage spreads, the offsetting effect of the Federal Reserve’s actions, and the need to…
The skinny
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