18. Should You Pay Off Your Mortgage?

An episode of the The Soup of Wall Street podcast, hosted by Soup Martinez, titled "18. Should You Pay Off Your Mortgage?" was published on October 24, 2024 and runs 19 minutes.

October 24, 2024 ·19m · The Soup of Wall Street

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Summary

Think a 0.5% interest rate cut will save you on your mortgage? Think again. In this episode, we break down why these cuts mostly help banks, not you, and why long-term mortgage rates couldn’t care less. We also dive into the government’s headache with rising rates—spoiler: borrowing just got a lot more expensive. If you're wondering how all this affects your wallet and Uncle Sam’s budget, stay tuned! Got questions or think we missed a spot? Drop us an email at [email protected] and ge...

Episode Description

Think a 0.5% interest rate cut will save you on your mortgage? Think again. In this episode, we break down why these cuts mostly help banks, not you, and why long-term mortgage rates couldn’t care less. We also dive into the government’s headache with rising rates—spoiler: borrowing just got a lot more expensive. If you're wondering how all this affects your wallet and Uncle Sam’s budget, stay tuned!

Got questions or think we missed a spot? Drop us an email at [email protected] and get in on the conversation!

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