CNBC’s Diana Olick recently appeared as a guest on The Exchange, a program dedicated to discussions surrounding finance and economic trends. In her recent segment, Olick explored how volatile mortgage rates are right now. They have been wildly all over the place since the beginning of last week.
Mortgage rates are a big deal across the economy and Olick’s experience, sharp insight and storytelling ability shines bright making sense of an incredible mortgage market unfolding today. She highlighted that domestic conditions drive these rates. Moreover, international factors, particularly foreign markets reaction to U.S. policies, are critical components. Perhaps most interesting was her commentary that China is likely to continue to be the biggest factor in raising mortgage rates even more.
In particular, the conversation on The Exchange was a great overview of the recent tumultuous period for mortgage rates. This sudden movement has many homebuyers and investors up in arms. Olick’s insights suggest that external influences, such as China’s economic policies and market behavior, may contribute to rising rates, thus affecting the housing market.
As chief real estate correspondent for CNBC, Diana Olick has become one of the country’s most respected journalists known for her deep dive analysis into real estate financial trends. Her recent appearance on The Exchange was especially timely, with the current climate instability in the mortgage market. She gave viewers an insight into how opaque factors can contribute to increased costs of borrowing for consumers.
As the Exchange becomes a popular platform for finance discussions, questions about mortgage rates come up all the time. The program’s intent is to educate its viewership on the pent up challenges and opportunities that lie within this unique market. Olick’s segment was particularly relevant as it addressed the uncertainties many face when considering mortgages in light of shifting rates.