Rate Cuts ✂️ Brought Us Higher 📈 Mortgage Rates | The Higher Standard 251
In this clip from episode 251 of The Higher Standard podcast, Chris, Saied and Haroon get to say "we told you so." They called the move in the bond market well in advance and knew how it was going to push mortgage rates up and not down.
➡️ The Fed’s rate cuts were meant to ease mortgage rates, but in a plot twist, they’ve soared instead. With the 30-year fixed now up 47 basis points to 6.62%, all eyes are on the 10-year Treasury yield — and it's rising too. Thanks to blockbuster job reports and a resilient economy, the market’s betting on fewer cuts ahead. The housing conundrum deepens: high mortgage rates discourage selling, while fewer sales keep rates elevated. So basically, we are saying 90% of the Realtors who told you otherwise on social media, were wrong.
💬 Do you think mortgage rates will ever drop, or is this the new normal? How would rising mortgage rates affect your home-buying plans? Share your thoughts in the comments below.
📺 Watch The Full Episode: • Episode 251 | Kobe 🏀, Cash Flow 💵, & Chasi...
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🔗 Referenced Show Links:
AOL
Rate cuts were supposed to push mortgage rates lower. The opposite has happened.
https://www.aol.com/rate-cuts-were-su...
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Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.
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