The Fed Just Raised Rates

The Fed hiked the Federal Funds Rate by 25 basis points, but Derick and Stephen break down why it wasn't a shock — the bond market had already priced it in. They clear up the biggest misconception in real estate: the Fed doesn't set mortgage rates, the bond market does, driven by inflation, jobs data, and investor behavior. Their take: expect continued volatility, not a straight line down, and don't build a buying strategy around guessing the Fed's next move. Bottom line — buy when you're financially ready, because you can't refinance a house you never bought.