Mortgage rates and the Fed, consumer spending: Wealth!

How are you thinking about maintaining and growing your personal wealth? Join Alexandra Canal on today's episode of Wealth!, where she covers the best savings strategies and housing market trends with Wall Street experts and the rest of the Yahoo Finance team.

As consumer spending rose by 0.9% year-over-year in August, Bank of America Institute senior economist David Tinsley finds this trend to be a part of the "experiences story" as consumers spent more on services, travel, and events over the summer.

Rate SVP of mortgage lending Jennifer Beeston joins the program to discuss how interest rate cuts anticipated by the Federal Reserve could — or could not — impact mortgage rates going forward as US homebuyers struggle through ongoing affordability concerns.

This post was written by Luke Carberry Mogan.