What Interest Rate Chaos Means for Your Finances
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Senior consultant Rob Bertman, CFA, CFP\\xae joins me to discuss recent developments related to interest rate policy at the heels of Russia\\u2019s invasion of Ukraine. We also cover the impact of subsequent decisions to be made by the Biden administration in the coming months on interest rate policy.
In today\\u2019s episode, you\'ll find out:
- What to expect from the housing market this summer as interest rates continue to rise
- The impact of 1% difference in a mortgage interest rate
- Why a typical middle-income family might itemize their mortgage interest
- If we think interest rates will keep rising or remain steady
- Why interest rates have gone up even before the Russian invasion
- How to navigate the refinancing market
- Whether you should refinance now or wait
- Why most people have suffered more than benefited from the student loan freeze
- Where we go from here since Russia has invaded Ukraine
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