Understanding the Two Key Rates Shaping Market Moves: What Investors Need to Know
With home equity hitting a staggering $34 trillion nationally by the end of 2024, homeowners are sitting on one of the largest pools of untapped wealth in American history. Yet, with mortgage rates stubbornly high—hovering in the mid-to-high 6% range—many are reluctant to refinance or sell their homes, clinging instead to historically low primary mortgage…