Mortgage rates have now reached 'breaking point'; Investors need to watch this major market risk - Ted Oakley

Mortgage rates are at the highest level since 2020, with the 30-year mortgage at 4%. This is in comparison to last year when the 30 year was down to 2.8%.

"The consumer is going to be under pressure, and we already saw mortgage applications go way down in the last few months. That is what is happening in the marketplace," emphasized Ted Oakley, Founder of Oxbow Advisors. "I suspect that the 4% rate on the 30-year mortgage is a breaking point."

Oakley discussed mortgages and interest rates, and markets with David Lin, Anchor at Kitco News. Read More

Timestamp:

0:00 - Stock market

3:03 - Inflation

7:28 - What would you ask Jerome Powell

10:20 - U.S. dollar

12:26 - Gold

13:50 - Market fear

16:44 - Mortgage breaking point

18:11 - Investment implications

Source: Kitco.com

Disclaimer: This video and article are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.