What the New Fed Chairman Means for Your Mortgage

Kevin Warsh just chaired his first FOMC meeting as Fed chair. Lucas and Luna break down what Warsh's policy leanings mean for the path of interest rates — and specifically for the housing market. With the ten-year Treasury yield at 4.46 percent and the effective Fed funds rate at 3.63 percent, the bond market is signaling something different than the dot plots of the past. Lucas explains why Warsh might prioritize financial stability over inflation-fighting in a way that could keep mortgage rates elevated. Luna questions whether that's actually the right read, given the steepening yield curve they're seeing. They hit on the key data: the unemployment rate is 4.3 percent, JOLTS surged to 7.6 million, and real GDP growth just ticked up to 1.6 percent. This episode is for anyone wondering if that dream home gets cheaper anytime soon. #KevinWarsh #FederalReserve #InterestRates #MortgageRates #HousingMarket #FOMC #MonetaryPolicy #BondMarket #YieldCurve #TenYearTreasury #FedFundsRate #Economics #Macro #Housing #RealEstate #FexingoBusiness #BusinessPodcast #MacroTuesdays Keep every episode free: buymeacoffee.com/fexingo