Odd Lots: Jim Egan on America’s Big Mortgage Gap (Podcast)
BloombergMonday, June 16, 2025 at 8:00:00 AM
Despite rising interest rates, economic jitters, and other financial headwinds, Americans are still spending like there’s no tomorrow. But dig a little deeper, and cracks start to show—especially in loan delinquency rates, which don’t follow the usual patterns of prime versus subprime borrowers. The real divider? Whether you locked in a dirt-cheap mortgage during the "zero interest rate policy" (ZIRP) era or are stuck with today’s pricier loans.
Editor’s Note: This isn’t just about who’s spending or saving—it’s about how the Fed’s past decisions are still shaping who wins and loses in today’s economy. If you bought a home when rates were near zero, you’re sitting pretty. If not, higher borrowing costs are squeezing you harder than most. It’s a weird split that explains why some folks feel fine while others are barely keeping up.
— Curated via WP Now’s
