Listener Questions: the 30-year fixed mortgage, upgrade auctions, PCE inflation

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 12 June 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's another listener questions episode where we take on what you want to know! On today's show... The 30-year fixed-rate mortgage. It's a cornerstone of the U.S. housing market, but not so much in the rest of the world. Why? We also look at upgrade auctions in the economy and a measure of inflation often overshadowed by the CPI ... PCE.

If you have a question you'd like us to answer, email us at [email protected]. Please include your name and number.

Transcript

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0:00.0	NPR.
0:02.0	This is the Indicated for Planet Money.
0:12.9	I'm Adrian Ma and we got the gang all here today.
0:16.6	We've got Whalen Wong and Darian Woods also with us.
0:20.0	Hello.
0:21.0	Oh three of us love it and when our powers come by.
0:24.0	When our powers come by and you will get some entertaining economic explainers.
0:28.4	Yeah, we are the power rangers of economics.
0:31.2	But then there's also Captain Planet.
0:32.4	Are we talking Captain Planet or the power rangers?
0:35.1	I would argue we've got an edge over both the power rangers and the Captain Planet crew
0:40.0	because we help people understand economics.
0:43.7	So you all wrote in with questions and we picked three of them to answer on today's episode.
0:49.5	So we're going to look at the 30 year fixed rate mortgage.
0:52.5	Why US homeowners have such a good deal here.
0:56.0	We're just going to investigate upgrade options.
0:58.3	You know the ones you get when you travel.
1:00.6	We're also going to look at a different measure of inflation than the one we normally look at.
1:04.4	PCE inflation.
1:06.0	That's all coming off after the break.
1:09.4	Okay, listen to our questions episode.
1:12.0	First one up.
	...

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