Did you know that the Fed Funds rate at 5.5% is above the 10-year Treasury yield.

Here’s what is interesting. It’s only happened 4 times in history, including right now. Though they don’t follow each other it does show once the Feds start lowering the Fed rate, the Mortgage rates will follow.

Zillow Home Price Index

Home Values rose 0.2% now 4.5% since the beginning of the year. Looking at a 7% full year appreciation.

Have a great weekend and enjoy the song.