Social Security Funding Shortfall Could Make Mortgage Rates Skyrocket

The Social Security Trust Fund will be depleted in the fourth quarter of 2032, three months earlier than expected last year. The main retirement trust fund will run out of money in late 2032. That could put pressure on Treasury yields, impacting borrowing costs and mortgage rates. 30-year mortgage rates could rise from roughly today's 6.3 percent range to 9 percent.

Social Security Funding Shortfall Could Make Mortgage Rates Skyrocket
Social Security Funding Shortfall Could Make Mortgage Rates Skyrocket

The Social Security Trust Fund will be depleted in the fourth quarter of 2032, three months earlier than expected last year. The main retirement trust fund will run out of money in late 2032. That could put pressure on Treasury yields, impacting borrowing costs and mortgage rates. 30-year mortgage rates could rise from roughly today's 6.3 percent range to 9 percent.

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