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Best LSAT Prep Courses: Live Classes, Subscriptions And Free Practice



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Key Points

  • The Princeton Review is our top LSAT pick. Its LSAT 170+ course costs $2,099 for 65 live hours, includes LawHub Advantage at no extra charge and offers a full or partial refund if you miss a 170+ or a 10-point gain.
  • Magoosh is the best budget course at $199 for 12 months, plus the $124 LawHub Advantage subscription LSAC requires for official practice tests.
  • Most test takers must take the LSAT in person at a Prometric test center starting with the August 2026 exam. The LSAT costs $253 for the 2026-27 testing year.

Law school admissions are getting more competitive at the top. U.S. applicants are up 7.9% this cycle, and applicants with LSAT scores of 175 to 180 are up 21.7%, according to LSAC's volume summary. Average LSAT medians at ABA-approved schools rose 1.79 points in 2025, according to an analysis of ABA 509 data. A higher score is also the most direct path to scholarship money that reduces your law school student loans.

The test itself changed too. Logic games are gone, and the LSAT now has two scored Logical Reasoning sections and one scored Reading Comprehension section. Starting in August 2026, LSAC moved most test takers back to in-person testing. Every course below covers the current format, and our graduate school admissions overview explains where the LSAT fits in your timeline.

$253
LSAT Fee
August 2026 to June 2027
120-180
Score Range
A 160 beats 71% of test takers
140 Min
Multiple-Choice Time
Four 35-minute sections
Dec 1
Next Registration Deadline
For the January 2027 LSAT

Best LSAT Prep Courses At A Glance

LSAT prep splits into three models: one-time courses, monthly subscriptions and official practice from LSAC. Most subscription companies also require you to buy LawHub Advantage from LSAC for $124 a year, so we note that in the table. Prices are regular list prices, and the costs sit on top of the fees covered in our bar exam loans page for later in law school.

Best LSAT Prep Courses (2026)
Provider Best For Format Price Score Guarantee
The Princeton Review Live classes with a 170+ target Live online, self-paced, tutoring $799 to $3,999, tutoring $167/hr 170+ or +10 points (170+ course) View Courses »
Magoosh Self-study on a budget Self-paced, on-demand classes $199 to $499, plus $124 LawHub +5 points View Plans »
Kaplan Classroom learners On demand, live online, in person, tutoring $899 to $2,299 list Higher score, or 170+ on top course View Courses »
Blueprint LSAT Trying a full course for free Self-paced, live online, tutoring $99/month to $1,999 Score increase, or 170+ on top course Visit Site »
7Sage Flexible month-to-month study Self-paced, live online, coaching $69 to $299 per month None, no refunds Visit Site »
LSAT Demon Daily live classes Self-paced, live online, tutoring $99 to $499 per month None, 30-day refund Visit Site »
LawHub (LSAC) Official practice on the real interface Self-paced Free to $124 per year None Start Free »
Regular list prices checked October 11, 2026. Several providers were running short-term sales. Guarantees carry conditions. The College Investor.

Our Top Pick

The Princeton Review

Live LSAT 170+ classes with 65 hours of instruction, LawHub Advantage included and a 170+ or 10-point guarantee with full or partial refunds.

See Princeton Review LSAT Courses »

Best LSAT Prep Courses Of 2026

Take a free official practice test on LawHub before you buy anything. Your starting score decides which course and guarantee make sense, and LSAC research links more practice tests with bigger score gains. Then match the course to your study style and timeline, keeping your total graduate school costs in view.

Best Overall: The Princeton Review

#1The Princeton ReviewBest Overall
$2,099
LSAT 170+ course
65 Hours
Live instruction
Included
LawHub Advantage
See Princeton Review LSAT Courses »

On The Princeton Review's secure site

The Princeton Review LSAT 170+ course costs $2,099 for 65 hours of live online instruction, and it includes LawHub Advantage with 90+ official LSAT PrepTests at no additional charge, according to its LSAT prep page. That saves the $124 most other companies make you pay LSAC separately. Our Princeton Review SAT and ACT review covers its teaching approach.

The 170+ guarantee is tied to your starting score. Students who start below 160 get a full refund if they gain fewer than 7 points and 50% back at 7 to 9 points, and students who start at 160 to 169 get a full refund below 167 and 50% back at 167 to 169, according to the course terms. You must attend every session and take six practice tests, the kind of discipline that also pays off in law school.

Other options include Fundamentals, with 30 live hours for $1,249, Self-Paced at $799 with 100+ hours of recorded lessons, and Immersion 170+ at $3,999 for 130 live hours plus 56 hours of workshops. Private tutoring costs $167 an hour in 10- or 30-hour packages, which you can compare with our average cost of tutoring research.

Why We Picked It

The most live hours for the money among courses we reviewed, official PrepTests included and a clear refund schedule. It's the safest pick for applicants targeting the scholarship-level scores that cut law school borrowing.

Drawbacks

$2,099 is a big upfront cost, and the guarantee requires full attendance. Students already scoring 170+ aren't eligible and may get more from a subscription or the tutoring options in our Kaplan review.

Want live LSAT classes with LawHub Advantage included? Compare the Princeton Review's 170+, Fundamentals and Self-Paced options.
Compare Courses »

Best Budget Course: Magoosh

#2MagooshBest Budget Pick
$199
12 months of access
6,000+
Official questions
+5 Points
Score guarantee
Try Magoosh LSAT Prep »

On Magoosh's secure site

Magoosh is the cheapest full LSAT course we recommend. Premium costs $199 for 12 months, plus a one-time $124 LawHub Advantage fee, and includes 6,000+ official questions, 80+ video lessons and the official test-day interface, according to Magoosh's LSAT plans page. Our Magoosh review covers the platform.

Magoosh guarantees a 5-point total score increase and offers a 7-day money-back window. The $499 Premium + On-Demand Classes plan adds 12 hours of recorded instruction from a 99th-percentile instructor. Even with LawHub, a full year of Magoosh costs $323, about the price of CAS plus two or three law school reports, a small slice of total application costs.

Why We Picked It

A full year of official-question practice for $323 including LawHub, with a 5-point guarantee. It's the best way to prep seriously without adding to future student debt.

Drawbacks

No live teaching on the base plan, and only the $199 Premium portion is refundable under the score guarantee on the $499 plan. Students who need structure should compare the live courses in our Princeton Review SAT and ACT review.

Prepping on a budget? Magoosh LSAT Premium costs $199 for 12 months and comes with a 5-point score guarantee.
Start With Magoosh »

Best For In-Person Classes: Kaplan

#3KaplanBest In-Person Option
$899
On Demand (list)
$1,299
Live Online (list)
14 Days
Free trial
See Kaplan LSAT Prep »

On Kaplan's secure site

Kaplan offers in-person LSAT classes, a fit for students who want a classroom. List prices run $899 for On Demand, $1,299 for Live Online and $1,899 for In Person, and its 170+ Course lists at $2,299 for 52 hours of live instruction, according to Kaplan's LSAT page. Kaplan was running promo codes worth $100 to $300 off when we checked. Our Kaplan Test Prep review has more detail.

Kaplan promises a higher score or your money back on its LSAT courses. The 170+ guarantee covers the 170+ Course and Premium Tutoring: students starting at 160 or above are guaranteed a 170, and students below 160 are guaranteed a 10-point gain, with a refund or free re-enrollment if they fall short. Requirements include nine LawHub practice exams, which lines up with the practice-test research in our graduate school admissions coverage.

Why We Picked It

Real classrooms, a 14-day free trial on On Demand and a specific 170+ guarantee. It fits students who focus best in person, the same students who often prefer campus programs in our law school loans coverage.

Drawbacks

The 170+ Course costs more per live hour than the Princeton Review's, and the guarantee requires a linked LawHub Advantage subscription. Compare the hourly math in the table below and the cheaper options in our Magoosh review.

Best Free Account: Blueprint LSAT

#4Blueprint LSATBest Free Starter
Free
Account with practice exam
$1,299
Live course, 30 hours
57
Practice exams (self-paced)
Visit Blueprint LSAT »

On Blueprint's website

Blueprint offers a generous free starting point: a free account with eight core modules and a full-length practice exam, no credit card required. Its Self-Paced plan starts at $99 a month with 57 full-length practice exams and a 6,000+ question bank, according to Blueprint's comparison page. That free start fits the try-before-you-buy approach we recommend in our graduate school admissions overview.

Blueprint's Live Course costs $1,299 for 30 hours of live instruction plus self-paced access, with a score increase or money-back guarantee. The 170+ Course costs $1,999 for 60 live hours and personalized coaching, with a 170+ guarantee. All Blueprint courses require LawHub Advantage, which adds roughly $120 to $124 to the cost of paying for law school.

Why We Picked It

A free account with a real practice exam, a 60-hour 170+ course and guarantees on live courses. It's a strong alternative for applicants who want to test-drive a course before paying, then plan the rest of their grad school budget.

Drawbacks

LawHub Advantage costs extra, and the full 170+ guarantee terms weren't available when we checked. Compare it with the Princeton Review, which includes LawHub, in our Princeton Review SAT and ACT review.

Best Monthly Subscription: 7Sage

#57SageBest Monthly Plan
$69/mo
Core plan
$129/mo
Live plan
From $1/mo
For LSAC fee waiver holders
Visit 7Sage »

On 7Sage's website

7Sage is the most affordable monthly LSAT subscription. Core costs $69 a month and includes all official LSATs, video and written explanations and an adaptive study scheduler, according to its pricing page. The Live plan costs $129 a month and adds daily live Zoom sessions and weekly proctored tests. Applicants managing tight budgets should also see our graduate school scholarships roundup.

LSAC fee waiver recipients can get 7Sage for as little as $1 a month. 7Sage doesn't offer refunds, though you can cancel anytime and keep access through the billing cycle, and it requires LawHub Advantage. A student who studies four months on Core pays $276 plus $124 for LawHub, a total of $400, similar to the low-cost options in our Magoosh review.

Why We Picked It

Low monthly cost, daily live sessions on the Live plan and $1-a-month pricing for fee waiver holders. It's the best fit for students who want flexibility and plan to keep student debt low.

Drawbacks

No refunds and no score guarantee. Long study timelines can make monthly plans cost more than a one-time course, as our Kaplan review comparison shows.

Most Live Classes: LSAT Demon

#6LSAT DemonMost Live Classes
$99/mo
Essential plan
30+
Live classes per week (Live plan)
30 Days
Full refund window
Visit LSAT Demon »

On LSAT Demon's website

LSAT Demon runs more than 30 live classes a week on its $179-a-month Live plan. The $99-a-month Essential plan includes all 81 released official exams with explanations and 200+ lessons, and the $499 Pro plan adds a dedicated tutor with two one-hour sessions a month, according to its plans page. Its daily class schedule suits students who want a graduate school routine without a fixed course calendar.

LSAT Demon offers a full refund within 30 days of purchase, excluding LawHub Advantage and completed tutoring hours, and it requires LawHub Advantage on every plan. There's no score guarantee. Three months on the Live plan costs $537 plus LawHub, which puts it between Magoosh and a live course on our test prep cost spectrum.

Why We Picked It

The most live class time per month we found, a 30-day refund window and a tutoring tier. It suits students who learn by watching problems worked live, a habit that carries into law school classes.

Drawbacks

No score guarantee, and Pro at $499 a month adds up fast. LawHub Advantage costs extra, unlike the Princeton Review courses in our Princeton Review SAT and ACT review.

Best Official Practice: LawHub

#7LawHub (LSAC)Best Official Practice
Free
Several official PrepTests
$124/yr
LawHub Advantage
Official
Test-day interface
Open A Free LawHub Account »

On LSAC's LawHub site

LawHub is LSAC's official practice platform. A free account includes several full official LSAT PrepTests, a practice Argumentative Writing prompt, drill sets and lessons, all on the same interface you'll use on test day. LawHub Advantage costs $124 a year for a much larger library of official PrepTests, according to LSAC. Both LSAC fee waiver tiers include a free year of Advantage, a perk to add to your scholarship search.

LawHub matters because LSAC research links more practice tests with bigger gains. In an LSAC study of 12,471 test takers, average gains rose from 1.59 points for students who took one or two practice exams to 7.26 points for those who took nine or 10, according to LSAC. Self-studiers who buy only LawHub Advantage should still read about strategy, and our graduate school admissions overview links to more help.

Why We Picked It

Official PrepTests on the real test interface for $0 to $124. Nearly every serious LSAT study plan uses it, directly or through a course, as we note throughout our law school loans coverage.

Drawbacks

Questions and scoring, but no teaching. Most students who need to move more than a few points pair LawHub with a course, starting with options in our Magoosh review.

Which LSAT Prep Course Is Best For You?

The best LSAT prep course is the one that fits your starting score, budget and how long you can study. A student 3 points from their target may only need LawHub Advantage, while someone 10+ points away with a full-time job often benefits from live classes. Use these calls, then check score targets in our law school loans coverage of top schools.

  • Best overall: The Princeton Review LSAT 170+, with 65 live hours and LawHub included.
  • Lowest-cost full course: Magoosh at $199 plus LawHub.
  • In-person classes: Kaplan, which still sells classroom courses.
  • Free course trial: Blueprint's free account with a full practice exam.
  • Month-to-month flexibility: 7Sage starting at $69 a month.
  • Daily live classes: LSAT Demon's Live plan at $179 a month.
  • Official practice only: LawHub, free or $124 a year for Advantage.

What Is On The LSAT In 2026?

The LSAT has four 35-minute multiple-choice sections: two scored Logical Reasoning sections, one scored Reading Comprehension section and one unscored section that can be either type, according to LSAC. A 10-minute break comes between the second and third sections. Logic games are no longer part of the test, so skip any older prep book that teaches them, a point we also make in our graduate school admissions overview.

LSAT Format (2026-27)
Section Time Scored?
Logical Reasoning (Two Sections) 35 minutes each Scored
Reading Comprehension 35 minutes Scored
Unscored Variable Section 35 minutes Unscored
LSAT Argumentative Writing 50 minutes, taken online separately Unscored
Plus a 10-minute break after section two. Source: LSAC. The College Investor.

LSAT Argumentative Writing is unscored, and LSAC won't release your score until a writing sample is on file. You take it online at home, as early as eight days before your multiple-choice test, with 15 minutes to plan and 35 minutes to write, according to LSAC. Budget an hour for it, separate from the application checklist items you're juggling.

The LSAT Moved Back To Test Centers In August 2026

Starting with the August 2026 LSAT, most test takers must sit for the exam at a Prometric test center, according to LSAC. Remote testing is allowed only by exception, such as living more than 180 miles or three hours from a test center with open seats, certain disability accommodations or active-duty military stationed abroad. Seats go first to register, first to schedule, so register early and plan travel costs into your law school budget.

How Much Does The LSAT Cost?

The LSAT costs $253 for the August 2026 to June 2027 testing year, and that fee includes LSAT Argumentative Writing, according to LSAC's fee schedule. Most applicants also need the Credential Assembly Service for $219 and pay $45 for each law school report. Those costs come before tuition, so add them to the numbers in our law school student loans comparison.

LSAT And Application Fees (2026-27)
Fee Amount
LSAT (Includes Argumentative Writing) $253
Credential Assembly Service (CAS) $219
Law School Report (Each) $45
Score Preview (Before Testing) $46
Score Preview (After Testing) $87
Test Date Change (Through Deadline) Free
Test Date Change (Up To 7 Days After) $153
Source: LSAC. The College Investor.

Here's what a typical applicant really pays before prep. Taking the LSAT once, buying CAS and sending reports to eight schools costs $832, Score Preview and LawHub Advantage push it to $1,002, and a second LSAT adds another $253. LSAC fee waivers cover one or two LSATs, CAS, three or six school reports and a year of LawHub Advantage for qualifying applicants. Apply before you register, and pair it with our graduate scholarships roundup.

What The LSAT Really Costs (TCI Example)
Item Cost Running Total
LSAT, One Attempt $253 $253
Credential Assembly Service $219 $472
8 Law School Reports $360 $832
Score Preview (Before Testing) $46 $878
LawHub Advantage $124 $1,002
Magoosh Premium (Budget Prep) $199 $1,201
Or Princeton Review 170+ (Includes LawHub) $2,099 $2,977
Example for an applicant applying to eight schools. The Princeton Review total replaces the separate LawHub line. Source: LSAC and provider fees. The College Investor.

When Are The Next LSAT Test Dates?

The next LSAT with registration still open is January 13 to 16, 2027, and the registration deadline is December 1, 2026, according to LSAC. The November 2026 deadline has passed. For most administrations, the registration deadline is also the last day for a free test date change and a full refund, so plan your application timeline around it.

Upcoming LSAT Test Dates (2026-27)
Test Dates Registration Deadline Score Release
January 13 To 16, 2027 December 1, 2026 February 3, 2027
February 12 To 13, 2027 December 29, 2026 March 3, 2027
April 8 To 10, 2027 February 25, 2027 April 28, 2027
June 9 To 12, 2027 April 29, 2027 June 30, 2027
U.S. and Canada dates. LSAC says dates are subject to change. Source: LSAC. The College Investor.

Applicants aiming for fall 2027 enrollment who haven't tested yet are looking at January or February. January scores come out February 3, after the December 29 deadline for the February test, so plan on April as your backup if you want to see January results first. Track deadlines alongside your financing plan in our law school loans comparison.

What Is A Good LSAT Score?

A good LSAT score is one at or above the median for the law schools you're targeting. Nationally, a 160 beats about 71% of test takers, a 165 beats about 85% and a 170 beats about 94%, according to LSAC's percentile table. The median falls around 154. Our graduate school admissions overview explains how schools weigh scores.

LSAT Score Percentiles (2023-26 Testing Years)
LSAT Score Percent Of Test Takers Below
175 98.7%
170 94.5%
165 85.2%
160 71.1%
155 54.0%
150 36.6%
145 21.5%
Source: LSAC. The College Investor.

The bar keeps rising. Median LSAT scores at ABA-approved schools rose an average of 5 points over the past 10 years, and WashU posted the highest median at 175 in 2025, according to the ABA 509 analysis. Every point at the top end can affect both admission and scholarship offers, which shapes how much you'll need in law school loans.

How Much Does LSAT Prep Cost Per Hour?

Live LSAT courses cost about $31 to $44 per hour of instruction at list prices, and the Princeton Review's 170+ and Immersion courses come in cheapest per hour. We divided each course's list price by its published live hours. Monthly subscriptions with daily classes can cost less in total but don't publish fixed hours, so compare them on monthly cost, as our test prep cost research does.

LSAT Prep Cost Per Live Hour (2026)
Course List Price Live Hours Cost Per Hour
Princeton Review Immersion 170+ $3,999 130 About $31
Princeton Review LSAT 170+ $2,099 65 About $32
Blueprint 170+ Course $1,999 60 About $33
Princeton Review Fundamentals $1,249 30 About $42
Blueprint Live Course $1,299 30 About $43
Kaplan 170+ Course $2,299 52 About $44
Princeton Review Private Tutoring $167 per hour 10 or 30 $167
Princeton Review Immersion also includes 56 hours of workshops. Source: Provider websites, checked October 11, 2026. The College Investor.

The Princeton Review 170+ stands out once you add LawHub Advantage. Blueprint and most subscription companies require the separate LawHub Advantage subscription, about $120 to $124, which raises their effective cost, while the Princeton Review includes it. Factor every add-on the way you would compare fees on graduate student loans.

How Long Should You Study For The LSAT?

Plan on at least three months of LSAT study, and longer if you're aiming high. The University of Tennessee's pre-law office recommends three months as a baseline, while Hunter College's advisors say it's typical to need six to eight months or more to reach your maximum score. Practice tests are the engine, so build your plan around them and your law school application deadlines.

  1. Take a free official PrepTest on LawHub to set your baseline.
  2. Choose your prep based on the gap: LawHub Advantage or a budget course for small gains, live classes for 10+ points.
  3. Learn Logical Reasoning question types first, since they make up two of the three scored sections.
  4. Take a full timed PrepTest every week or two, building toward the 9 to 10 tests linked to the biggest gains in LSAC's study.
  5. Register by the deadline and leave room for a retake before your applications are due.

You can take the LSAT five times in the current reportable score period and seven times in a lifetime, according to LSAC's retake policy. Canceled scores count toward those limits. LSAC also found repeat test takers score about 1.5 points higher on average than first-timers, according to its repeat test taker research, so a planned retake can be part of a smart graduate school strategy.

How We Picked The Best LSAT Prep Courses

We reviewed the major LSAT prep providers and kept those with courses built for the current two-section-type format. We compared list prices, live hours, LawHub Advantage requirements, score guarantees, refund policies and free trials, and verified prices on each provider's site on October 11, 2026. Our editorial standards explain how we handle partner relationships.

PowerScore also offers strong LSAT prep, with self-paced plans at $195 a month and prepaid live plans from $995 to $1,750, but its plan savings figures conflicted on its own pricing page, so we left it off our ranked list for now. Prices change often, so confirm the current offer before you buy and compare it with your law school financing plan.

More Test Prep Rankings From The College Investor

Best SAT PrepBest ACT PrepBest PSAT PrepBest GMAT PrepBest MCAT Prep

LSAT Prep FAQs

Can I Still Take The LSAT At Home?

Only by exception. Starting with the August 2026 LSAT, most test takers must test in person at a Prometric test center, according to LSAC. Exceptions include living more than 180 miles or three hours from an open test center. See our graduate school admissions overview for planning tips.

How Many Times Can You Take The LSAT?

You can take the LSAT five times in the current reportable score period, which started in July 2021, and seven times in a lifetime, according to LSAC. Canceled scores count toward the limit. You can't retake after scoring a 180, which is a nice problem to have before applying for law school loans.

Do I Need LawHub Advantage?

You need it to practice with the full library of official PrepTests, and most prep companies require it. It costs $124 a year from LSAC, and the Princeton Review includes it with its courses. Fee waiver recipients get a free year, which helps keep student debt down.

Are Logic Games Still On The LSAT?

No. The current LSAT has two scored Logical Reasoning sections and one scored Reading Comprehension section, plus an unscored section, according to LSAC. Skip any older prep book that teaches logic games, as we note in our graduate school admissions coverage.

Is An LSAT Prep Course Worth The Money?

A course is worth it when it moves you into a higher scholarship or admissions tier. LSAC research ties larger gains to more practice tests, so the value comes from structured practice. Start with free LawHub tests, then buy only what you need, and compare that with the cost of your law school loans.

Sources

  • LSAC: LSAT Test Format
  • LSAC: LSAT And Argumentative Writing Specifications
  • LSAC: LSAT Percentiles
  • LSAC: Dates, Deadlines And Score Release
  • LSAC: Return To In-Person Testing
  • LSAC: Remote Testing Distance Exceptions
  • LSAC: Fees
  • LSAC: Fee Waivers
  • LSAC: Limits On Repeating The LSAT
  • LSAC: LawHub
  • LSAC: Volume Summary
  • LSAC: Practice Test Study
  • LSAC: Repeat Test Taker Research
  • Spivey Consulting: 2025 ABA 509 Disclosures
  • Hunter College: Preparing For The LSAT
  • University Of Tennessee: Pre-Law LSAT Advice
  • The Princeton Review: LSAT Prep
  • Magoosh: LSAT Plans
  • Kaplan: LSAT Prep
  • Blueprint: Compare LSAT Study Options
  • 7Sage: Pricing
  • LSAT Demon: Plans

Editor: Colin Graves

The post Best LSAT Prep Courses: Live Classes, Subscriptions And Free Practice appeared first on The College Investor.

Mortgage Rates Face Big CPI Report This Week


While there’s not much to report on the mortgage rate front today, this week is setting up to be pretty important with both CPI and PPI being released.

The bond market is closed for Columbus Day, but had it been open, we might have seen another big jump in yields related to ongoing tensions in the Middle East.

There was a Houthi attack on Saudi Arabia over the weekend, this time hitting Riyadh’s King Khalid International Airport.

That all points to continued problems as opposed to any sort of peace talks to cool things down.

As such, pressure will remain high on oil prices and inflation, which can also push mortgage rates higher until there’s some sort of resolution.

More Middle East Tensions with CPI Report on Deck

It was more of the same over the weekend. A ratcheting up of tensions in the Middle East, with the Houthis attacking Saudi Arabia’s airport.

The widening Middle East conflict seems like it’s not going to abate anytime soon, which will continue to act as a headwind for both energy prices and mortgage rates.

Those events pushed oil prices higher today, and higher oil prices typically correlate with higher bond yields (and mortgage rates).

So perhaps it’s good news that the bond market is closed today to give the market a little more time to digest it.

But I wouldn’t be surprised if bond yields gap higher tomorrow once traders get back to their desks.

For now, the 10-year yield remains around 5.25%, and that combined with a 225-bps spread gets you right around 7.5% for a 30-year fixed.

On Wednesday we’ll have another CPI report to parse as those higher energy prices seep into all corners of the economy, beyond just the pump.

[Compare mortgage rates and payments with my mortgage rate calculator.]

Headline CPI Will Look Ugly, But We Already Know That

The September CPI is expected to show prices up about 0.6% for the month, which would push the annual rate to around 3.7% from 3.4%.

That’s mostly due to higher gas prices, which as mentioned have surged thanks to the war.

But the bond market pretty much already knows that and has it priced in. Nobody’s going to be shocked that inflation is higher with oil above $100 a barrel.

What they’ll care about is the core number, which strips out food and energy.

It’s forecast to rise just 0.2% on the month, down from 0.3% in August, and climb from 2.4% to 2.5% annually.

If we meet forecast, it’ll give bond investors some confidence that higher energy costs aren’t bleeding into everything else.

If it comes in hot, then there’d be worries bond yields (and mortgage rates) could climb even higher than they already are.

This is that double top in mortgage rates I’ve talked about previously, where they could rise back above 8% and hit new cycle-highs.

It also happens to be the last inflation report before the Fed’s next meeting in late October, where the odds of another hike currently sit sub-20%.

Cool Core CPI Could Build on Momentum From Last Week, But Watch Out If It Comes in Hot

It’s all pretty straightforward here.

If core CPI comes in at forecast or lower, bond yields could ease a bit and bring mortgage rates down with them.

That’d be a nice momentum move with rates already around two-week lows thanks to that strong bond auction last Wednesday.

It seems bond investors finally got interested again with yields at the highest levels in years.

However, if we get a hot reading it could send the 10-year right back toward that recent peak of 5.35% and beyond.

That would put mortgage rates at around 7.625% or higher, and set the stage for a move back to the 8s if more of the same was expected.

So core CPI is the number to watch this week if you’re wondering where mortgage rates go next.

Read on: How are mortgage rates determined?

(photo: Eden, Janine and Jim)

Colin Robertson
Latest posts by Colin Robertson (see all)

Amazon Deal: Baseus 100W 20,000mAh Power Bank for $59.99


Amazon: Baseus 100W 20,000mAh Power Bank for $59.99

This article contains Amazon affiliate links.

Amazon has the Baseus Blade 100W 20,000mAh Portable Power Bank on sale for $59.99, down from the listed price of $89.99. That’s a savings of $30, or 33% off.

This slim portable charger is designed for laptops, tablets, smartphones and other devices. It delivers up to 100W USB-C fast charging, with Baseus claiming it can charge a MacBook Pro to 50% in about 30 minutes.

The power bank features two USB-C ports and two USB-A ports, allowing you to charge up to four devices at once. It also has a built-in display showing battery and charging information, plus a flat design that makes it easy to slip into a laptop bag. The 20,000mAh capacity makes it useful for travel, and a USB-C cable is included.

BUY NOW

Guru’s Wrap-up

A solid discount on a powerful portable charger that can handle more than just phones. The 100W output, four charging ports and slim design make this a useful option for travelers.

 

Disclaimer: As an Amazon Associate I earn from qualifying purchases made through this article. Using links on the site for Amazon purchases is the best way you can support the site as you normally can’t earn cash back for these purchases. But, you should still check shopping portals such as Rakuten, TopCashback, RebatesMe, ShopBack and others for possible cashback. Your support is always greatly appreciated!

Strategy buys $21 million worth of Bitcoin as corporate crypto buying shows signs of revival



Bitcoin buying is back. Corporate crypto heavyweight Strategy announced Monday that it bought over $21 million worth of Bitcoin last week, bringing its total holdings to roughly $70 billion. The company, led by flamboyant billionaire Michael Saylor, funded the purchase by selling more than 125,000 shares of its common stock and using $500,000 in cash. It also spent roughly $192 million to repurchase nearly 2 million shares of STRC, a type of preferred stock that makes regular payments to investors.

The latest purchase extends Strategy’s return to Bitcoin buying, marking its fifth purchase since August.

Bitcoin broke out of a prolonged trading lull in mid-August, climbing to around $77,000 for the first time since May. It has largely held above that level since and was trading at $82,600 Monday morning. The rebound followed a steep downturn that pushed Bitcoin from a high of $126,000 last October to a low of $58,000 in June. Amid the slump, Strategy—which holds roughly 4% of Bitcoin’s circulating supply—sold portions of its stockpile on four occasions. As Bitcoin’s price rebounded, Strategy stopped selling and returned to stockpiling.

Strategy isn’t the only big player wading back into Bitcoin. Other companies have recently added crypto to their balance sheets, breathing life back into corporate crypto buying. 

Earlier this month, Strive, the asset manager cofounded by billionaire Vivek Ramaswamy, announced a $169 million purchase of 2,000 Bitcoin, bringing its stockpile to roughly $2.4 billion. Robinhood, the crypto trading platform led by CEO Vlad Tenev, also joined the ranks of corporate Bitcoin buyers and recently disclosed a $25 million investment for its own balance sheet. Metaplanet, the Japanese investment firm and world’s second-largest publicly traded Bitcoin treasury company, announced this month that it sold 10,000 Bitcoin and bought 11,000 in the third quarter to demonstrate to credit markets that it could convert its holdings into cash when needed.

But companies aren’t just stockpiling Bitcoin. Bitmine, a Bitcoin miner turned into an Ethereum treasury company, announced this month that it had added roughly $41 million worth of the cryptocurrency to its treasury. The purchase brought its holdings to about 6 million tokens—nearly 5% of Ether’s total supply.

The renewed buying comes as Bitcoin’s recovery fuels hopes of further gains. The cryptocurrency has held up despite recent interest rate hikes in the United States and renewed tensions in the Middle East.

Fortune previously reported that analysts expect Bitcoin to recover further by year-end, with one strategist predicting a summer bottom followed by a rebound toward $100,000.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.

Election betting: 60% of Americans oppose prediction-market wagers



Americans can turn their predictions about who will control Congress into a bet, but most don’t think they should. With the midterms approaching, 60% of U.S. adults oppose using prediction markets to wager on election results, while 13% support it and 24% are unsure, according to a Reuters/Ipsos poll provided to Fortune.

They’ll see the odds anyway. CBS News said Sept. 30 it would add real-time prices from Kalshi to its midterm coverage, alongside its own polling. Kalshi has similar deals with CNN and CNBC, and it licenses vote counts and race calls from the Associated Press. CBS News and CNN now share an owner: Skydance, which completed its purchase of CNN’s parent, Warner Bros. Discovery, on Oct. 6.

Those prices can rest on a small number of traders. On Polymarket’s global platform, the top 1% of wallets account for 68% of trading volume on 2026 congressional markets, and 80% of those markets have fewer than 100 wallets trading, according to an August analysis by the Anti-Corruption Data Collective, a nonprofit research and advocacy group.

The opposition crosses party lines, with 69% of Democrats and 61% of Republicans opposing election betting. Three-quarters of Americans consider prediction-market wagering a form of gambling. Only 7% of respondents said they had used a prediction market to bet money.

“Most view prediction markets as a form of gambling, and it’s clear that they do not see elections or government decision-making as appropriate subjects for it,” Alec Tyson, a senior vice president and lead pollster at Ipsos U.S. Public Affairs, told Fortune.

Ipsos surveyed 4,506 U.S. adults from Sept. 30 through Oct. 5. The margin of sampling error is plus or minus 1.5 percentage points.

But monthly global trading volume and public approval measure different things. Sports offer what elections struggle to match: frequent events and fast-changing odds that give people more reasons to trade, said Dustin Gouker, a gambling industry analyst and author of the prediction market newsletter The Event Horizon. 

A poll or campaign development can move an election market. A sports game can move odds and produce those shifts within minutes as teams score and leads change. 

“I don’t think it’s necessarily that election trading isn’t popular,” Gouker told Fortune. “It’s more that it doesn’t feature some of the things that we see in these markets that are seeing more volume.”

Combined monthly trading volume on Kalshi and Polymarket more than doubled, from about $26 billion in May to $53 billion in July, according to a September Pew Research Center analysis. Sports drove most of that increase. Users buy and sell contracts on whether an event will happen; winning contracts pay $1 and losing ones pay nothing.

Those totals cover all trading and count contracts at their potential $1 payout rather than their purchase price. They don’t represent company revenue or the cash traders spent.

Kalshi challenges the findings

Kalshi called the poll biased, challenging how it described prediction markets and asked about wagering on government events. 

“It’s not hard to bias a poll and this poll is biased,” a Kalshi spokesperson said in a statement to Fortune. “Ask leading questions about whether people support ‘betting on war,’ and you’ll get the answers this poll arrived at. Kalshi doesn’t even offer war markets.” 

The questionnaire didn’t use the word “war.” It described prediction markets as allowing people to “wager money on the outcome of real-world events.” It then asked separately about elections, military actions, government policy decisions, and sports and did not measure familiarity. A March Ipsos poll for the American Institute for Boys and Men found just 21% of Americans were very or somewhat familiar with prediction markets.

“We welcome research on our industry, but a clearer picture would come from research that measures familiarity, uses neutral wording, and reports all responses,” Kalshi said.

Ipsos did not respond to Kalshi’s criticism by publication time.

Traders sued Kalshi earlier this year in March over its handling of a market on whether Iran’s supreme leader, Ali Khamenei, would leave office. The dispute followed his killing in U.S.-Israeli strikes. Kalshi told Reuters at the time that the rules excluded death-related outcomes and that it had reimbursed trading fees and net losses.

Election odds aren’t election results

Polymarket argues that its audience extends beyond bettors. More than 90% of visits are to view markets rather than trade, a spokesperson told Fortune. “Prediction markets are a way to get unbiased, accurate information about the events that impact our lives,” the spokesperson said.

Gouker said election markets attract viewers by distilling polls and news into a probability, but turning those visitors into traders is a separate business challenge. He expects election trading to pick up as the midterms approach, though doubts it will get to the level of sports betting. He also expects the 2028 presidential election to draw more trading than this year’s midterms. 

He cautioned against treating high odds as a call of the race. Gouker pointed to Abdul El-Sayed’s Michigan primary, saying markets showed him as an overwhelming favorite around the close of voting before incoming results suggested a closer contest. El-Sayed led by just under one percentage point when the Associated Press called the race.

A candidate with a 70% chance of winning still has a 30% chance of losing. To judge a market’s accuracy, Gouker said, look at whether outcomes occur as often as the odds suggest: “When a market says something should happen, it happens roughly the amount of times we would expect it to.”

He added, “You have to look at them as probabilities and not as these crystal balls.”

5 Reasons Why You Shouldn't Study Business Management Degree



Why you shouldn’t study business management or any business degree and cons of business management degrees and cons of being a business major.

Should I study business? Should I major in business? Should I do a business management degree? If these are questions you ask yourself, please watch this whole video and you will understand the cons of studying business and the reasons to not major in business. Of course, I will be also listing out the pros of business degree and why you should study business, but that’s for another video hehe.

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Where are all the Portfolio Managers’ Large Language Models


We would argue that the greatest barriers to AI adoption are not technological. They are the same human traits that we’ve seen before. Let’s take a deeper dive into a few of the most significant:

1.  The “AI champion” may be the wrong person

Many firms put AI adoption in the hands of technology, data science, operations, or innovation teams. These are professional and well-meaning teams but lack the skills necessary to train PMs on how to use AI effectively.

The message is too often, “Here is a tool. Best of luck in using it in your process.” A more effective approach sounds like, “Here is how this improves the quality of our investment judgment.”

2.  Time scarcity makes experimentation feel expensive

PMs and analysts are overloaded. Earnings seasons, portfolio reviews, client meetings, market events, risk reviews, and internal meetings consume the calendar. LLM adoption is an investment that requires a temporary productivity dip: learning prompts, redesigning workflows, testing use cases, comparing outputs, and building team norms.

The long-term payoff may be substantial, but the short-term cost is real. Busy professionals often reject new tools not because they doubt their long-term efficacy, but because they cannot tolerate the short-term transition cost.

3.  Lack of psychological safety, including around learning in public

LLM adoption requires people to be beginners and show vulnerability. Senior PMs especially dislike feeling this way. They may avoid workshops, demos, or peer learning because they don’t want to tarnish their image of being the wise leader.

This is an EQ issue, not a technical one. Firms that adopt faster will already have psychologically safe environments, encourage experimentation, expect and celebrate failure, and be comfortable with peer learning.

4.  The rewards system doesn’t recognize process improvement

PMs are usually paid for performance, asset retention, client confidence, and commercial outcomes. Analysts are rewarded for good ideas, differentiated work, responsiveness, and credibility with PMs.

Few firms explicitly reward better research workflows, higher-quality debate, more systematic decision reviews, better information sharing, or improved knowledge capture. So LLM adoption becomes an unpaid extra effort. The firm may say AI matters, but the incentive system says: “Keep doing what already gets you paid.”

5.  “Responsible use of AI” often feels risky rather than enabling

Fear dominates many AI conversations: privacy, hallucination, cyber risk, compliance, regulation, model risk. These are all valid concerns in our heavily regulated industry. If the organizational narrative is primarily defensive, however, PMs will conclude that AI use is dangerous, not encouraged.

This directly maps to the behavioral finance concept of the penalties for sins of commission being higher than sins of omission. This occurs when an organization creates an environment where an actual mistake is penalized but a missed opportunity is not. Good investment teams understand this and take steps to ensure it doesn’t occur. One way of doing so is when PMs ensure they are taking sufficient risk in their portfolios to deliver the promised alpha. This same concept should apply to AI – make sure you are taking some risk and recognize employees who try new ways of using the models, even if they fail.

6.  Probably the greatest hurdle of all – process engineering

Process engineering is the discipline of deliberately designing, analyzing, improving, and controlling an investment process so that a desired outcome is produced more reliably, efficiently, and consistently. I would argue that many investment firms do not have an AI problem. They have a process-engineering problem that AI is revealing. Many investment managers don’t naturally think in terms of process-engineering, making it harder for them to see how AI can truly advance their investment process.

Ottawa reviews foreign homebuyer ban as 2027 expiry approaches




Finance Minister François-Philippe Champagne says the federal government is mulling its options ahead of the expiry of Canada’s foreign homebuyers ban at the end of the year.

(Update: CITGO Added) Walmart+ Members Get Gas Discount $.10/gallon At Exxon & Walmart Gas Stations


Update 10/11/26: CITGO has been added as an option. 

(Update 8/16/23: They are offering a temporary doubling with 20 cents back from August 15 through September 15.)

Walmart+ just added a new benefit for members to get 10 cents off per gallon of gas at Exxon, Mobil, Walmart, and Murphy gas stations. Previously the discount was only for Walmart/Murphy stations, and only 5 cents. Walmart+ also provides access to member prices at Sam’s Club fuel centers.

Press Release | Walmart link

Nice how they expanded the partnership with Exxon. A lot of us have Walmart+ free with the AmEx Platinum card. If you use Exxon or Walmart gas this can be a little gas savings. The process of getting the savings through your Walmart+ account within the Walmart app looks like a bit of a pain, but I guess it could be worth it for larger tanks, especially.

Stifel reiterates Hold on Kontoor Brands stock, $80 target maintained




Stifel reiterates Hold on Kontoor Brands stock, $80 target maintained