Hello for the rebel capitals, hope you're well.

So we're coming to you this morning with my good buddy Josh, my research assistant.

Josh, in the news today, housing market more specifically,

we haven't seen this since 2008 and I this was totally

off my radar until I saw it this morning on market watch so let's go right over to

this article check it out I want to get your feedback on this. So title, mortgage

rates could hit 8% economists say, citing a worrying sign not seen since the Great Recession.

Now initially you may be thinking to yourself, okay, well, 8%

is it that big of a deal?

Does that really mean anything?

Is that the worrying sign that they're referring to?

No, it's not.

So the worrying sign that they're referring to

is what I used in the thumbnail of this video.

And it's not just mortgage rates.

It's the spread between mortgage rates. It's the spread between mortgage rates and the 10-year Treasury

indicating that credit is tight and banks are freezing up.

More on that in just a moment.

But let's go down and go through this because I know housing obviously impacts pretty

much everyone, whether you're a renter, therefore maybe a future

buyer or you're currently a homeowner. With mortgage rates firmly above 7%

homeownership has become much more expensive, but will rates go even higher? Three experts

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