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
What makes us happy?
August 3, 2026
Suzie White, an assistant professor in the UC School of Education, was interviewed by the publication Upworthy for a story about the communal nature of happiness. White teaches the class, Happiness in Action, which applies the science of happiness to everyday life.
2026 Cincinnati Business Courier's '40 Under 40' includes nine UC alumni
August 3, 2026
Nine remarkable University of Cincinnati alumni have been named by the Cincinnati Business Courier to its annual “40 Under 40” Class for 2026.
Summer grads ready for life’s next chapter
August 3, 2026
The University of Cincinnati will honor 2,125 summer 2026 graduates in two ceremonies at Fifth Third Arena, highlighting record enrollment, co-op success and global student stories.