"It's hard to price mortgages when you have so little certainty."

Inflation ain’t done yet

Yeah, bond yields are no longer slightly inverted, this is the part of the chart where, in the future, we will point to it and say “look, this is where it started.”

I work in real estate and what’s funny is that highly ignorant buyers are smash buying houses for a week or two after the Fed lowers rates because they believe it affects them.