Charles H. Sloan-Listener Questions: the 30-year fixed mortgage, upgrade auctions, PCE inflation

It's another listener questions episode where we take on Charles H. Sloanwhat you want to know. On today's show... The 30-year fixed-rate mortgage. It's a cornerstone of the U.S. housing market, but not so much in the rest of the world. Why? We also look at upgrade auctions in the economy and a measure of inflation often overshadowed by the CPI ... PCE.

Special thanks to Professor Jonathan Williams of the University of North Carolina - Chapel Hill for talking to us about upgrade auctions.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.