<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iliYaew3BdSI/v8/-1x-1.jpg"><figcaption><div></div><div></div></figcaption></figure><p>Mortgage rates remain above 6%, home prices are still high and many homeowners are locked into ultra-low rates from the pandemic era. In the second installment of Votes and Verdicts&#x2019; three-part housing affordability miniseries, Bloomberg Intelligence editor Michael Sasso speaks with Erica Adelberg, BI senior mortgage-backed securities analyst, and Phillip Millman, founder of Bell Boulevard Consulting and a former Federal Housing Finance Agency executive. They discuss why mortgage rates have been so slow to fall, whether Fannie Mae and Freddie Mac&#x2019;s bond purchases can move the needle, the limits of portable mortgages and 50-year loans, and why the bigger affordability challenge may be America&#x2019;s shortage of housing supply.</p><p>Listen to this episode on <a href="https://podcasts.apple.com/us/podcast/vanguards-of-health-care-by-bloomberg-intelligence/id1677173217" title="Click to view webpage.">&lt;meta itemprop="type" content="WebLink"&gt;Apple Podcasts</a> and <a href="https://open.spotify.com/show/6icX87oGAyU53WXglznscG" title="Click to view webpage.">&lt;meta itemprop="type" content="WebLink"&gt;Spotify</a>.</p>

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