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Marketplace All-in-One

Will homebuyers spring at lower rates?

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 14 March 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

Mortgage rates have fallen recently to 6.6% for a 30-year fixed. But will it be enough to bring prospective homebuyers off the sidelines? Not according to one survey, which found some buyers are holding out for rates below 5%. Also in this episode: The Trump administration cut USDA programs that allowed schools and food banks to buy fresh, local food. And the U.S. wants Chinese consumers to spend more, but that won’t be easy.

Transcript

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0:00.0

It's only been five days in this economy, right?

0:05.9

Because it sure feels like longer.

0:09.0

From American public media, this is Marketplace.

0:18.2

In Los Angeles, I'm Kyle Rizzdall.

0:25.0

It is Friday today, the 14th of March.

0:27.3

Good as always to have you along, everybody.

0:29.9

I think it's fair to say the economic weeks are all starting to run together.

0:34.2

Can't really tell one from to other, but by golly, we are going to try. David

0:39.1

Garz at Bloomberg, Anna Swanson, is at the New York Times. Hey, you two. Hey, Kai.

0:43.6

David, remind us where you are. I am in Charlevoix, Quebec, which is where the G7 foreign

0:49.5

ministers were meeting this week. So I'm about two hours north of Quebec City on the St. Lawrence

0:53.7

Seaway. Give us the global economic vibe, would you vis-a-vis these United States?

0:58.8

Total stupefication at what's happening here, mixed with outrage and bewilderment.

1:04.1

You know, tariffs and trade policy were not on the official agenda for this meeting.

1:07.9

A lot of focus on Russia, Ukraine, the Middle East, but this was the backdrop.

1:12.5

And everyone was just kind of looking at their feet, wondering how the geopolitical terrain had

1:16.5

shifted and changed so much. And also looking at the United States, this longstanding ally

1:22.6

of all of these countries, obviously a member of this multilateral alliance and just wondering

1:26.3

what's caused this,

1:28.3

why is it happening, and what's going to happen next? How much is this going to continue ratcheting up?

1:32.6

Yeah, I laughed when you said stupefication because that's really the only word I can think of.

1:36.8

Anna Swanson, the question is, of course, with that as the backdrop, President Trump is playing a

...

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