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The Federal Reserve's recent interest rate cut has ironically led to volatile mortgage rates as the bond market adjusts. Property tax reassessments in Minnesota, Arizona, Florida and many more states are causing homeowners' tax bills to double or triple as counties update values for the first time in a decade.

• Mortgage rates experiencing volatility following Fed rate cut due to bond market adjustments
• More Fed rate cuts expected through year-end as "catch-up" for delayed action
• Property tax reassessments in Minnesota causing dramatic increases from $4K to $7K or $7K to $15K
• Strategies to manage higher property taxes include shopping for new insurance and talking to servicers about escrow options
• Tax statements with new assessed values typically arrive in October

If you're experiencing increases in property taxes or insurance, reach out to us. We can help implement strategies to keep your mortgage payment affordable, whether through refinancing or other options.

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