Real Estate Refresh

We may flirt with interest rates near 7% again if this war doesn’t end soon. And the conversation in most real estate circles sounds like a five-alarm fire. Not just because of rates but because we are also still seeing a lot of demand. So between both factors, it’s expensive out there. I want to slow that down. Because history has something important to say about what actually happens in a 7% rate environment – and it’s probably not what you’re thinking. What History Actuall

Rates Are Up 75 Basis Points Since The War Started. And Buyers Are Still Showing Up. I want to start with a number this week. That is how many basis points mortgage rates have climbed since the day before the United States went to war with Iran on February 28th. That equates to three quarters of a percentage increase on mortgage rates which hit 6.75% Tuesday - the highest since July 2025 - representing the fastest rate spike since late 2024. For a buyer putting 20% down

The Bond Market called BS on Kevin Warsh. This was a bad week for anyone watching interest rates. Not a panic or crisis necessarily but a grinding, relentlessly bad week where every data point that dropped confirmed the thing the market has been quietly pricing in for months. Bonds had a brutal week - down as much as 46 basis points intraday before partial recoveries each session. The 10-year Treasury yield passed 4.56% this morning, which is the highest level in a year. T