Fed Chair Warsh Just Changed the Mortgage Math: What Homebuyers Should Do Before September’s Meeting
Fed Chair Kevin Warsh did not directly change mortgage rates. The Federal Reserve does not set the rate quoted on a 30-year home loan. But his first Jackson Hole speech changed what markets expect the Fed may do next. That matters because mortgage lenders price loans based largely on longer-term bond yields, inflation expectations, and […]
Why Rising Bond Yields Matter for Your Mortgage, Savings, and Retirement
When bond yields rise, the change can seem distant from everyday money decisions. In reality, yields influence the interest rate on a mortgage, the return on a savings account, the value of a bond fund in a 401(k), and the price investors are willing to pay for stocks. A useful market snapshot comes from August […]
Are You Trapped by Your Low Mortgage Rate? More Than 1 Million Homeowners May Be Facing the Same Dilemma
For millions of Americans, securing a mortgage during the era of historically low interest rates felt like winning the financial lottery. Homeowners who purchased or refinanced between 2020 and 2022 often locked in mortgage rates below 4%, and in some cases below 3%. Those rates reduced monthly housing costs, improved affordability, and created significant long-term […]