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Be Wealthy & Smart

Mortgage Rates Rise

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 21 May 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Discover why mortgage rates are rising and what it means for housing costs.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be Wealthy and Smart, episode 15009.

0:03.3

I'm going to live the rich life,

0:07.8

a fool and best life,

0:09.1

just if y'all know what I mean,

0:12.3

put your hands up and declare with me, yeah,

0:14.5

I'm full of bread,

0:17.4

I'm going to live a good life, beautiful of good life.

0:21.6

Beautiful and glorious life.

0:24.6

Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart.

0:33.6

And now, here's your host, Linda P. Jones.

0:44.6

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom.

0:48.1

On today's show, we're going to talk about mortgage rates rising.

0:56.0

Recently, members of the Fed were speaking at different conferences and sharing the same message that rate cuts are in cold storage for now. The current 30-year fixed-rate mortgage is around 6.8% today, while the 15-year

1:04.5

mortgage rate nudged a little higher to 6.08%. Rates are moving higher following the yield on the 10-year Treasury, which on Monday

1:13.9

hit its highest level since April 11th at 7.04%. The April surge in mortgage rates did have a

1:21.1

direct effect on the housing market, causing it to pull back right in the heart of the usually

1:25.2

busy spring season. Pending sales of existing homes in

1:28.7

April, counted by signed contracts, dropped 3.2% compared with April of last year, according to

1:35.7

Realtor.com. Homebuilders also noted a steep drop in demand in April. Homebuilder sentiment is now

1:42.0

at the lowest level since the end of 2023, according to the National Association of Home Builder sentiment is now at the lowest level since the end of 2023,

1:45.6

according to the National Association of Home Builders Monthly Index.

1:49.0

Although the first two weeks of May were strong,

...

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