Is the U.S. Housing Market at Risk of Another 2008-Style Crisis? JUNE 23, 2022

Mortgage applications are dropping as rates continue to increase, with rates for a 30 year fixed mortgage now up nearly 80% in the last year. Scott Lawlor of Waypoint Residential joins us to discuss the risks of another housing crisis. Plus, Energy Secretary Jennifer Granholm will speak with seven oil and gas executives this morning about why they are not refining more gasoline or producing more oil. American Petroleum Institute CEO Mike Sommers breaks down what to expect. And, investors are looking ahead to Jay Powell’s second day of testimony after he said yesterday that the battle against inflation could raise rates high enough to trigger an economic downturn. But have U.S. stock market losses only just begun? Craig Johnson of Piper Sandler weighs in.