On this episode of The Rate Guy we break down the NBA betting scandal because apparently, Chauncey Billups was the big draw. Really? Plus, why Terry Rozier became the most bet-on player in America and what the NBA's "thorough investigation" didn't find.

Then we pivot to the Fed: a 25bp cut is coming, but what happens next? We walk through four possible rate paths for 2026, from holding steady to cutting below 3%, and what each means for borrowers. We also talk about the impact on fixed rates, swaps and caps.