Episode 169

Published on:

22nd Aug 2023

Mortgage Rates, Fed Minutes & Janet Yellen Gets High

Well, damn it, mortgage rates just hit their highest level in 21 years and Chris, Saied and Haroon are here to tell you why.  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.  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.  Chris pops off on real estate company Compass and apparently Janet Yellen micro-doses mushrooms when she visits China. 


Mortgage Rates Just Hit Highest Level In 21 Years (Forbes)

Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession (Market Watch)

Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show (CNBC)

Unpaid commissions key ingredient in Compass’ cash-flow positivity (The Real Deal)

Did Janet Yellen Accidentally Eat Psychedelics In China? What To Know About The Sold-Out Dish Cooked With Hallucinogenic Mushrooms (Forbes)

Here's when the San Francisco Fed expects households to run out of COVID-era extra savings (Morning Star)

Fed Saw ‘Significant’ Inflation Risk That May Merit More Hikes (Bloomberg)

How Severe Is the Housing Shortage? It Depends on How You Define ‘Shortage’  (Wall Street Journal)

Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap (Wall Street Journal)

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

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About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.