Boockvar: Homebuyers shouldn't bet they'll get mortgage relief from a Fed rate cut

I want to get to the story here. So, a lot of people think that a doveish J Pal could do something for the housing markets. You disagree.Why. Well, I just think long-term interest rates are going to remain elevated. Just as we saw after the Fed cut 100 basis points at the end of 2024, uh long rates went straight up and have been around those levels since.I think there's a a global aversion to taking on long duration and long-term interest rates are higher across the world. uh yesterday, the UK 30-year guilt ...