Interest rates are up, and Clark addresses how to maximize savings, and what mortgage rates mean for the housing market. The giant monster mega banks are paying an insulting 0.01% on savings accounts, essentially a zero return. What rate should you be looking for elsewhere?
Meanwhile, the housing market shifts yet again as 30-year mortgage rates hit 7%, crushed by geopolitical instability and inflation. However, there’s a clear silver lining for potential buyers: high rates have stalled the market, forcing sellers into price cut capitulation. If you can afford the monthly payment, buying at a significantly lower purchase price now and refinancing down the road when rates drop is an enormous long-term advantage.
Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the October 7, 2026, episode of The Clark Howard Show. Submit your questions: Ask Clark.
Save More - Shop Bank Rates: Segment 1
Ask Clark: Segment 2
Mortgage Rates & Housing Capitulation: Segment 3
Ask Clark: Segment 4
Mentioned on the show:
5 Places You Can Get 4.5% or More on Your Savings Right Now
16 of the Best High-Yield Online Savings Accounts in October 2026
High-Yield Savings Account (HYSA) Calculator
How To Open a Roth IRA
5 Free Streaming Services All Cord Cutters Should Have
6 Things to Know Before You Rely on Free Streaming TV
High Mortgage Rates Are Pushing Home Prices Down: Here’s the Silver Lining for Buyers
Mortgage Refinance Calculator – With Cash Out and Points
Credit Score Guide - Clark Howard
Capital One Venture X Rewards Credit Card: 6 Things To Know
Clark.com resources:
Episode transcripts
Community.Clark.com / Ask Clark
Clark.com daily money newsletter
Consumer Action Center Free Helpline: 636-492-5275
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