Mortgage Rates, Fed Minutes & Janet Yellen Gets High

<p>Well, damn it, mortgage rates just hit their highest level in 21 years and Chris, Saied and Haroon are here to tell you why.&nbsp; Spoiler alert, they think the yield curve inversion has something to do with it and that the 10-year treasury has more to move up before the end of the year signaling 8% to end the year for mortgage rates as a possibility.&nbsp; The Fed dropped their minutes where some of the FOMC members were apparently quoted as suggesting that another 25bps increase may be necessary; however, our Chief Economist is declaring shenanigans.&nbsp; Chris pops off on real estate company Compass and apparently Janet Yellen micro-doses mushrooms when she visits China.&nbsp;</p><p><strong>Resources:</strong></p><p><a href="* https://www.forbes.com/sites/dereksaul/2023/08/17/mortgage-rates-just-hit-highest-level-in-21-years/?sh=47beb65d8669" rel="noopener noreferrer" target="_blank">Mortgage Rates Just Hit Highest Level In 21 Years</a> (Forbes)</p><p><a href="https://www.marketwatch.com/story/mortgage-rates-could-hit-8-economists-say-citing-a-worrying-sign-not-seen-since-the-great-recession-edf2b4a4" rel="noopener noreferrer" target="_blank">Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession</a> (Market Watch)</p><p><a href="https://www.cnbc.com/2023/08/16/fed-meeting-minutes-signal-coming-rate-moves.html" rel="noopener noreferrer" target="_blank">Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show</a>&nbsp;(CNBC)</p><p><a href="https://therealdeal.com/national/2023/08/17/unpaid-commissions-helped-compass-get-cash-flow-positive/" rel="noopener noreferrer" target="_blank">Unpaid commissions key ingredient in Compass’ cash-flow positivity</a> (The Real Deal)</p><p><a href="https://www.forbes.com/sites/maryroeloffs/2023/08/16/did-janet-yellen-accidentally-eat-psychedelics-in-china-what-to-know-about-the-sold-out-dish-cooked-with-hallucinogenic-mushrooms/?sh=d6f3c177c04e" rel="noopener noreferrer" target="_blank">D