- Kreg & Nick - Weekly Mortgage Update
- Posts
- From Hawk to Dove: How Powell’s Jackson Hole Pivot Could Fuel the Market
From Hawk to Dove: How Powell’s Jackson Hole Pivot Could Fuel the Market
Ash and I went out Sunday with Kreg and Katie to celebrate Kreg’s 42nd birthday. We broke bread, then caught Nate Bargatze’s stand-up routine—laughter is truly medicine for the soul.
Unlike most comics we watch on Netflix without kids in the room, Nate kept it squeaky clean… not a single word you’d have to bleep out if your mom was in the audience. It got me thinking: maybe in comedy—and in life—you don’t need shock value to make an impact, just timing, authenticity, truth, and a little charm.
We are posting regular content to Instagram (Nick | Kreg) and Facebook (Nick | Kreg) to help you and your buyers stay informed. Be sure to follow us!
Read time: ~5 minutes

Rates ended DOWN compared to last week, and volatility was LOW. Rates are in the mid-6% range for most loan types without paying discount points. Paying discount points can get you in the high 5’s - low 6's.
From Hawk to Dove: How Powell’s Jackson Hole Pivot Could Fuel the Market
On Friday at Jackson Hole (one of the most important and influential economic conferences of the year), Fed Chair Jerome Powell gave markets exactly what they’d been waiting for: a clear signal that the labor market is softening more than expected. If you remember in early August, the July jobs report was brutal. In 2024, the US economy was adding 168,000 jobs monthly but the recent 3-month trend is closer to 35,000.

During Powell’s speech, markets LOVED what they heard and chances of a rate cut in September shot back over 80%. Long-term mortgage rates on Friday settled down to their lowest point of the year. Just like Kreg and I always say, rates move on new expectations not necessarily the date the Fed actually cuts rates.
Suddenly, the housing market’s outlook looks a whole lot different than it did just a month ago.

For years, Powell has been riding the hawk—fighting inflation with higher rates, holding the line, and keeping borrowing costs painfully high. But in Jackson Hole, he essentially dismounted. By admitting the jobs market is cooling faster than projected, Powell signaled it’s time to switch saddles and ride with the doves 🤠🕊️
Why Realtors Should Care
Buyers Return. Even a small drop in mortgage rates brings affordability relief.
Refi Wave 2.0. Your past clients who were “dating the rate” 🙄 can finally have a shot at cutting payments.
Inventory Thaw. Sellers stuck in “golden handcuff” 3% mortgages may list once they see buyers re-emerging and a decent rate on a move-up home.
Key Takeaway: This is the moment to prep your buyers and sellers. Rates will adjust before the Fed even makes its first cut, so waiting on the sidelines could mean missing the best opportunities. Educate your clients now—because once Powell officially saddles up with the doves, the herd will already be running.
Rebel 2026 - Speaker Reveal & Tickets Go On Sale 10/21
350 seats disappeared in 70 minutes, and those who waited missed out. That’s what happened at last year’s speaker reveal and we don’t want that happening to you this year.

What is Rebel?
Rebel is a one-day event where professional misfits, marketers, and entrepreneurs come together to burn the old playbook and build something better. Raw. Loud. Unlike anything this industry has seen.
Mark Your Calendars 📅 The big event will be on Thursday February 5th, 2026
But first…
RSVP for the LIVE Reveal
October 21 @ 12:00 PM EST | The First Transmission
We will share some big surprises including the secret speaker lineup
The unfiltered reason we built this event
Your first chance at tickets before the industry even blinks
How Grigory Pekarsky Closed 545 Deals in 1 Year…And How You Can Too!
What if you could unlock the exact system behind 545 deals in a single year?
Join our boy Tommy Choi for “The Buyer Machine: How Grigory Pekarsky Closed 545 Deals in a Year (And How You Can Too)” — a masterclass revealing the playbook that powers Chicago’s #1 buyer-side team.

Grigory Pekarsky and his team at Vesta Preferred closed 412 buyer-side transactions in 2024—and they’re already on track to surpass that in 2025. Now, he’s sharing the same structure, strategies, and scripts that fuel this kind of buyer dominance.
In this session, Tommy & Grigory will be covering:
How to win in competitive offer situations
Navigating buyer emotions after tough losses
Handling low-ball offers and high-pressure negotiations
Breaking down your day with time blocks that keep you productive (and sane)
What top, middle, and bottom of funnel really look like when working buyers at scale
Whether you want to sharpen your buyer presentation, boost client conversion, or scale to volume most agents only dream about — this is your chance to learn directly from one of the industry’s top performers.
🎯 Don’t just work with buyers—build a machine that converts them.
Register below for the Wednesday Zoom call from 3-4PM.
Instagram Reels from the Week
Two Ways We Can Help
Let’s collaborate – schedule a zoom meeting
Tough deal? Let us help!
Don’t hesitate to reach out if you need anything at all. Have a wonderful week!
