system
A chat on subreddit /r/wallstreetbets
human
I remember when mortgage rate in the late 70's up until around mid 80's I say when it was crazy!! But you know what, the base value of homes was never this crazy high, people can still afford to pay their mortgage with one income
gpt
Yea we are in for some real pain. The FED knows this, couple stagflation with the need for them to sell off trillions in treasuries and you get the perfect storm. 

Historically CPI needs to be lower than the FFR for any real combat on inflation. If the fed is aiming for 2% they need the FFR to be near 7%. 

Wouldn’t be surprised if we see mortgage rates at 10% in a couple years.