Brad Olsen: Economist on 60 percent of households will need to refinance their mortgages in the next year

Over the next year or so around 60 percent of households will need to refinance their mortgages at higher rates. With 50 percent of the value of existing fixed rate loans due to be repriced, with another 10 percent on floating interest terms. Infometrics principal economist Brad Olsen joined Mike Hosking. LISTEN ABOVE  See omnystudio.com/listener for privacy information.