May 24, 2022

Buying a house on the hope mortgage rates will ease

Though mortgage rates are increasing, mortgage applications are also up as homebuyers hope to avoid further rate hikes. Joe Raedle/Getty Images

There's been an increased demand for adjustable-rate mortgages (ARMs) as skyrocketing interest rates have made homes a lot more pricey for possible buyers. While these kinds of home loans can lead to lower monthly payments, they carry some risk. The BBC reports on AirBnb's exodus from China. For today's Economic Pulse, we talk to the CEO of the Roosevelt Institute about the prospect of student debt being canceled.

Segments From this episode

Economic Pulse

Who would benefit the most from student debt relief?

by David Brancaccio and Jarrett Dang

May 24, 2022

Student debt cancellation would be an essential move toward affordable higher education, says Felicia Wong, president and CEO of the Roosevelt Institute.