# @benzinga on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=hR-cajkRj8E
- **Gondola URL:** https://gondola.cc/posts/70717325-benzinga-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/077fb09722.jpg
- **Posted:** 2026-09-21T21:01:23.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

The era of cheap money that lifted your house, your portfolio, and just about everything else for nearly two decades is over and the bill starts with borrowing.
On September 16, 2026, the Federal Reserve raised its benchmark rate by a quarter point to a target range of 3.75% to 4%, its first hike since 2023, in a unanimous vote under new chair Kevin Warsh. Updated projections point to the policy rate reaching 4% to 4.25% by the end of 2026 and 2027, meaning at least one more increase could still be coming this year. Warsh framed the move as a push for a "timelier" return to 2% inflation, and President Trump publicly pushed back, arguing rates should be far lower.
For households, the pressure shows up first in debt. The 30-year fixed mortgage averaged 6.95% as of September 17, 2026, up from 6.76% a week earlier and 6.26% a year ago, with Bankrate's lender survey running just above 7% the highest since early 2025. Auto borrowing is no cheaper: Experian pegged the average new car loan near 6.35% and used car loans above 11% in the second quarter of 2026, while Edmunds data puts typical new car financing around 7%. With the Fed signaling more tightening rather than relief, a quick return to cheap debt looks unlikely.
The flip side gets far less attention. Savers are finally being paid. After years when parking cash in a bank account earned close to nothing and lost ground to inflation, top high-yield savings accounts now advertise roughly 4% to 4.5% APY while the national average savings rate sits near 0.64%, which is exactly why where you keep your cash matters more than it has in a generation.
Why it matters for investors: a higher-for-longer rate path raises the hurdle for equities, compresses valuations on long-duration growth names, pressures rate-sensitive housing and consumer credit, and makes cash and short-term Treasuries a real competitor to stocks for the first time since the last cycle. The cost of capital is no longer the tailwind it was for two decades.
#MortgageRates #Housing #Investing

🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets.

🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center.
👉 https://bit.ly/4unSKiB

------------------------------------------------------------------------------------

📲 Follow us on socials @benzinga 

🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga

------------------------------------------------------------------------------------

⚠️ Disclaimer:
Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.

## Stats

- **Views:** 506
- **Likes:** 5
- **Shares:** 0
- **Comments:** 1

## Tags

mortgagerates, housing, investing

---
Copyright (c) Gondola