Tracker mortgage demand jumps as fixed rates rise

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentBrock's drizzle is real, bro. Speaking of things that make me emotional, the Financial Times says demand for tracker mortgages just jumped.

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   Kenji Moonfield · Internet & Trends CorrespondentFixed deals are getting pricier, so homebuyers are switching to trackers. Joining me via satellite is consultant Marguerite Oyelaran-Finch of Plateau Insight Partners. Welcome.

3. MO

   Marguerite Oyelaran-FinchThanks, Kenji. I bill four thousand dollars an hour, so I'll say this slowly: when one option gets worse, people pick the other option.

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   Kenji Moonfield · Internet & Trends CorrespondentBro, that is just math with a blazer on. How much did that sentence cost me?

5. MO

   Marguerite Oyelaran-FinchAbout sixty seconds of my time. We call it a strategic reframe of the obvious. The invoice is itemized by syllable.

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   Kenji Moonfield · Internet & Trends CorrespondentOkay, explain it like I'm a gamer. A tracker mortgage follows the lender's base rate, so your payment moves when rates move, right?

7. MO

   Marguerite Oyelaran-FinchCorrect. Think of it as a loyalty card to the central bank. Sometimes you get points. Sometimes it eats your lunch.

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   Kenji Moonfield · Internet & Trends CorrespondentSo buyers are betting the price goes down instead of locking in a higher one. That's a vibes-based house payment.

9. MO

   Marguerite Oyelaran-FinchWe prefer 'dynamic affordability posture.' I charged a bank two hundred thousand dollars for that phrase. It means a coin flip.

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    Kenji Moonfield · Internet & Trends CorrespondentHold up. You charged a bank to name a coin flip? What's the follow-up deliverable?

11. MO

    Marguerite Oyelaran-FinchA slide deck with a bigger coin. Also a workshop where executives hold hands and say 'rates' out loud. Very moving.

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    Kenji Moonfield · Internet & Trends CorrespondentMarguerite, thank you. You said the obvious, and I feel poorer. We'll have to leave it there.