Peak Inflation?, Not-so-Stablecoins, and Mortgage Mayhem. 5/11/22

Another high inflation reading…will the Fed have to do more tightening than the market expects this year? We look at the potential fallout. Plus, Stablecoin “TerraUSD” broke its one-to-one peg to the dollar, plunging to as low as 26 cents. How did it happen and where do we go from here? And, as mortgage rates rise, so is the demand for riskier loan products. Adjustable rate mortgage applications hitting a 14-year high last week. The CEO of one of America’s largest lenders joins us with the trends he’s seeing and the implications for the housing market.