It is unusual, if not unprecedented, for a president to sit down with the CEO of a publicly traded company to be interviewed in an open forum, but that is exactly what happened Wednesday on Zillow, an online real estate sales and data company.
Zillow billed it as a "A Better Bargain for Responsible Homeowners: President Obama Answers Your Questions." The questions, however, were submitted beforehand and selected by Zillow. They also followed, nearly to the letter, the housing agenda that the president laid out Tuesday in Phoenix.
(Read more: Obama calls for housing reform)
Obama was first asked about rising mortgage rates, which increased again last week, to 4.61 percent for the 30-year fixed conforming loan, according to the Mortgage Bankers Association.
"We've seen rates now tick up. So far at least, though, the housing market continued to be fairly robust," he told Zillow CEO Spencer Rascoff.