Episode Details

Mortgage rates are climbing, not falling — even though the Fed held steady, rates are now hovering around 6.66% and could stay elevated for years. The Fed’s decision didn’t bring relief because long-term bond yields jumped, keeping borrowing costs high. Experts warn borrowers to brace for volatility, with some seeing recent dips as temporary. With inflation stubborn and Middle East tensions driving up energy prices, the Fed is waiting for clearer economic signals — like falling inflation or rising unemployment — before cutting rates. Expect higher costs to linger until those signs appear.

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