Why Nobody Can Afford a Home Anymore (It's Not the Fed)

Mortgage rates just hit 7.4% — the highest in three years. So why aren't home prices falling? The same house now costs about $264 more every month. And it wasn't the Fed, and it wasn't your bank. Finn follows your mortgage after you sign it — to the investors who really decide what borrowing costs, and to the 10-year bond that mortgages quietly follow. Plus: why millions of homeowners with 3% loans feel locked inside their own homes. This isn't financial advice — just the fine print, explained simply. Full story of the Fed decision: watch our previous video "12 People Just Made Your Loans More Expensive." 0:00 Rates are up. Why aren't prices down? 0:42 What 1% really costs you 1:12 Your bank sold your mortgage 1:59 Why only America has the 30-year mortgage 2:57 Why a 30-year loan follows a 10-year bond 3:54 The hidden extra 2% 4:32 Who moves the rate if nobody sets it? 5:26 The Fed cut rates — mortgages went up 5:54 3% loans were the exception 6:32 Locked inside your own home 6:57 Why your neighbor pays a different rate 7:33 What would make mortgages cheaper? 8:04 The short version Data: Freddie Mac Primary Mortgage Market Survey (Oct 15, 2026: 7.40%, a year ago 6.27%); 10-year Treasury yield ~5.3%. #mortgage #mortgagerates #housingmarket #interestrates #economics #finnomics