Prolonged High Rates Are Doing More Harm Than Good

At this point, keeping rates elevated is causing more damage than it’s preventing.

Millions of homeowners are effectively shackled to their low-rate mortgages, unable to move, not just because of cost, but because of reality.

Trading a 3% mortgage for a 6.5% one isn’t just tough, it’s financially unrealistic for most. This lock-in effect is freezing the housing market, limiting inventory, and preventing natural mobility for families who need to upsize, downsize, or relocate.

It’s not just slowing the market, it’s stifling opportunity.

Cracks Are Forming at the Fed

The once-solid stance of the Federal Reserve is starting to show stress. Chairman Powell may be on his way out, with Fed Governor Christopher Waller emerging as a potential successor—and a voice of reason.

Waller is signaling what many have been waiting to hear:

Inflation has come down enough to justify a rate cut, possibly as soon as this month.

He’s also dismissing tariff threats as more political noise than economic substance, calling them a “one-off” with limited long-term impact.

The tone is shifting and markets are listening.

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