Mortgage Rates Head Into Summer Stuck Near 6.5%.
With the jobs report pushing rate cuts out, the 30-year fixed mortgage stayed parked in the mid-6% range heading into summer.
The Story
With the jobs report pushing rate cuts out, the 30-year fixed mortgage stayed parked in the mid-6% range heading into summer. The ‘lock-in’ effect — homeowners clinging to old 3% loans — keeps inventory tight and prices sticky even as buyers stretch.
What This Means For The Book
A mortgage is the biggest fixed-income position most families ever hold, just on the paying side. With cash finally yielding something, the pay-down-vs-invest math is closer than it's been in years — we run it as a real allocation decision for clients, not a gut call.
Themes In This Article
- ThemeHousing
For reference. Not a recommendation. See Capital Wealth Model Portfolios.
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