Money Isn't Free Anymore. Plan Like It.

The Fed just raised rates for the first time since 2023, but that's only half the story. Karl explains why mortgage rates are climbing even faster than the Fed is moving, what the Treasury is doing to try to calm the bond market, and why the 30-year Treasury just hit a level we haven't seen since 2004. Along the way, he shares a simple way to look at bonds that shows just how much has changed since 2020, and what it could mean for savers, borrowers, and investors.