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Chezney's Field Notes

What I'm seeing out there.

Notes on housing, lending, money, and the mood around it.

The Fed's Favorite Inflation Number Just Landed. Here's What It Means for Your Rate.

The Fed's Favorite Inflation Number Just Landed. Here's What It Means for Your Rate.

Core PCE, the Fed's favorite inflation gauge, held at 3.3% annually in July while consumer spending stalled. Here's the plain-language read on what it means for mortgage rates right now.

Aug 28, 2026
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The US Just Bought Yen for the First Time Since 1998. Here's Why That Touches Your Mortgage.

The US Just Bought Yen for the First Time Since 1998. Here's Why That Touches Your Mortgage.

The US and Japan just pulled off their first joint yen-buying intervention since 1998. Here's the plain-language version of what happened, and how it connects to your mortgage rate.

Aug 8, 2026 4 min
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