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slash setup welcome to the nerd wallet smart money podcast where we answer your

personal finance questions and help you feel a little smarter about what you do with your money.

I'm Sean Piles.

And I'm Liz Weston. As always, be sure to send us your money questions.

Call or text us on the Nerd Hotline at 901-7306373.

That's 901-730 Nerd. Or email us at podcast at nerdwollet.com. And if you want more nerdy

goodness delivered to your device every Monday, hit that subscribe button. This episode, Liz and I

answer a listener's money question about how to move amid the pandemic. But first, an hour this week in your

money segment, Liz and I discussed the mortgage outlook for August. Mortgage rates drop when the

economy stalls, and we are in one heck of a stall, thanks to the pandemic. It looks like rates for

home loans are going to set new records in August. 30-year loans are around 3% and 15-year loans are

even lower. So the question is, what does this mean for people out there? And the answer is that it's

good news for refinancers, while at the same time a lot of people, especially renters, are having a

really hard time. One thing that I found really interesting looking into these recent

numbers around home sales is that existing home sales were up 20% in June compared to the

month before. And they're still down around 11% compared to last year. But I have been seeing

tons of for sales lines in my neighborhood. So I think that people are really trying to take

...