The Fed Just Warned Us. Are You Listening?

Fed Chair Kevin Warsh spoke at the Jackson Hole symposium — and the bond market heard it loud and clear. In this episode, Derick and Stephen break down what Warsh actually said, why a September rate hike suddenly became a real possibility, and what all of this means for mortgage rates heading into fall. They also clear up a critical misconception: the Fed funds rate and your mortgage rate are not the same thing. Plus, practical takeaways for buyers who are wondering whether to keep waiting or stop trying to time a market that does not care what any of us want.