WLWT: Rising interest rates could affect adjustable rate mortgages
UC economics professor encourages borrowers to pay attention to changes
With interest rates rising, homeowners with an adjustable-rate mortgage need to be aware of when their rate will reset, WLWT reported.
The Federal Reserve Board has increased interest rates, which means people with variable interest rates soon could be facing higher payments.
"The Fed has announced this for quite a few months, to expect the interest rate rise," said Michael Jones, the Kautz-Uible Professor of Economics in the University of Cincinnati’s Carl H. Lindner College of Business. "And it's not just homes. It's credit cards. It's student loans. And so if you have any of those other types of loans that are based on variable interest rates, really be paying attention to that right now."
Featured image: UC economics professor Michael Jones. Screenshot courtesy of WLWT video.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Tariff troubles for online shoppers
December 16, 2025
This year’s new regulations on tariffs and customs are leaving holiday shoppers with unexpected fees on some of their purchases, according to recent reporting by WLWT. Associate Dean of Impact and Partnerships for the University of Cincinnati’s Lindner College of Business Charles Sox spoke to WLWT about why shoppers are only just now feeling the impact, despite these policies being in effect for months.
Tips to avoid headaches this holiday season
December 15, 2025
A University of Cincinnati migraine expert offered a list of potential headache triggers around the holidays, and how you can try to avoid them, to 91.7 WVXU News. "There are a number of different factors that make this a very headache provocative time," said Vincent Martin, MD, professor of clinical medicine at the University of Cincinnati's College of Medicine and director of the Headache and Facial Pain Center at the Gardner Neuroscience Institute.
Local couple uses royalties from children's books to give gifts to kids in need
December 15, 2025
A local couple has found a unique way to give back to those in need this holiday season. Vic and Laura Troha wrote two children's books together, and this year, they are using the proceeds to buy Christmas gifts for Hamilton County foster kids. The couple are both graduates of the University of Cincinnati's College of Allied Health Sciences and met the day they graduated.