Peter Schiff Warns Home Prices Could Plunge as Mortgage Lenders Face $2 Trillion In Losses: ‘Already In Worse…

Benzinga · Tanya Rawat · 2026-11-05 11:25 UTC

Peter Schiff warns rising mortgage rates could push home prices lower and strain mortgage lenders.

Peter Schiff, chief economist and global strategist at Europac, said mortgage lenders are "already in worse shape than they were at the depths of the 2008 financial crisis" as he warned that rising mortgage rates could force home prices lower.

Schiff made the remarks on Wednesday on "The Land Development Podcast," hosted by Ryan Glick. He said mortgage rates are rising for the same reason Treasury yields are rising: inflation is becoming a bigger problem, so lenders need compensation for lost purchasing power.

Schiff on Mortgage Rates

Read the full story at Benzinga · All coverage of this story