# BFC Weekly Recap: Mortgage Rates Hit 6.71%, the New $2,000 1099 Rule, and Who Owes Debt After Death

Page: https://stenobird.com/podcast/financially-confident-christian-773313/bfc-weekly-recap-mortgage-rates-hit-6-71-the-new-2-000-1099-rule-and-who-owes-debt-after-death
Text version: https://stenobird.com/podcast/financially-confident-christian-773313/bfc-weekly-recap-mortgage-rates-hit-6-71-the-new-2-000-1099-rule-and-who-owes-debt-after-death.md
Podcast: [Becoming Financially Confident](https://stenobird.com/podcast/financially-confident-christian-773313)
Published: 2026-09-12T17:30:00+00:00
Episode link: https://www.becomingfinanciallyconfident.com/who-owes-debt
Audio file: https://episodes.captivate.fm/episode/0f31101b-094b-4546-ae3b-980d91a57bd7.mp3
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Duration seconds: 2643

## Resource

Happy Saturday, everybody! Mortgage rates just climbed to a 13-month high, the IRS changed the 1099 threshold to $2,000, and I finally answered the question I get asked more than almost any other: do you owe a dead relative's credit card debt? We also got into what financial confidence really means, the framework I use with clients to give every dollar a job, and a conversation with a finance coach about money and marriage that hit closer to home than I expected. I'm Ralph Estep Jr., a licensed public accountant with 30 years in the business, and I'm joined by my cohost Juliet. We're live every Monday through Friday from 11:30 AM to 12:30 PM Eastern on Becoming Financially Confident. Here's what we got into this week: Reminded everyone about two live class action settlements, Google Play and O'Reilly Auto Parts, both with deadlines this month Broke down why the 30-year mortgage rate climbed to 6.71%, the highest it's been in over a year Walked through the new 1099 rule. Clients only have to send you one if they paid you $2,000 or more, up from $600, and that does not mean the income is tax free Answered the question I get asked constantly about inherited debt. If you're just an authorized user on a card, you are not responsible for what's owed after someone passes away Gave you my money move of the week: add a PIN to your phone carrier account and turn on two-factor authentication on your bank and email before someone can hijack your number Got into what financial confidence actually means, starting with a Federal Reserve stat that stopped me cold, 12% of adults couldn't cover a surprise $400 expense Laid out the Dollar Job Framework, the seven-step process I use with clients (dream, define, discover, design, deploy, debrief, develop) to give every dollar a job before…

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