Mortgage rates are at their highest since January 13, 2025, and today's surge wasn't a surprise—it was tied to more than just the Fed's announcement.

While the Fed raised the Fed Funds Rate, mortgage rates didn't move because of that decision. Instead, the real shift happened 30 minutes later, during Fed Chair Warsh's press conference. Before that, markets had already priced in the rate hike, and bonds barely reacted. But Warsh's tone changed everything.

Rather than framing the hike as a cautious move, he emphasized the economy's strength, called out inflation's lack of progress, and made it clear the Fed sees current rates as too low—suggesting more hikes are coming. Markets reacted quickly, adjusting for both today's hike and the likelihood of future ones.

Long-term, this could be good for mortgage rates—but the short-term pain isn't over yet. The timeline for relief depends on how long it takes for these hikes to cool inflation, not to mention other major factors like the Iran conflict and global economic shifts.

Primary drivers? Soaring fuel costs and a stronger-than-expected inflation report overshadowed everything else. We'll keep you updated with real-time insights to help you navigate the uncertainty.

Is Chulita Coming to Highland Park?

Chulita is expanding from food trucks to two brick-and-mortar locations, and there are strong indications they may be opening their 4th location in Highland Park.

If you're a local here, you've likely noticed the ongoing construction on Figueroa Street and Avenue 60—a project impossible to miss. New developments are taking shape in the heart of the neighborhood, and rumors suggest a brand-new restaurant with outdoor dining could be on the way. Speculation is growing that it might even be Chulita, the beloved taco spot known for its vibrant atmosphere and delicious food.

While official details remain unconfirmed, the excitement in the community is undeniable. Many are eager to see what's coming and how it might further enrich Highland Park's already thriving food scene. As construction progresses, locals and visitors are keeping a close watch, hoping for a fresh addition that could become a go-to spot for dining and gathering.

Coming Soon

735 E 89th Street,

Los Angeles, CA 90002

This charming Los Angeles home at 735 E 89th St, Los Angeles, CA 90002 sits on a spacious 5,140 sq ft lot and offers 916 sq ft of modern living space. The property includes a detached garage with alley access, a ductless AC unit, tile flooring, and a clean interior. A new roof tops it off, ensuring peace of mind.

The open floor concept enhances the sense of space, with a spacious kitchen featuring a cozy eat-in area and a living room adorned with stylish decorative tiles for added charm.

Inside, you'll find two bedrooms sharing access to a Jack and Jill bathroom, plus a primary bedroom with a full bathroom. The seller has approved permits and plans for a second bath addition off the primary bedroom, and the primary bedroom itself is part of an approved permitted plan. The washer and dryer hookups are conveniently located inside the home for added practicality.

The property also includes an unpermitted converted garage, currently occupied by a tenant and transformed into a fully equipped mother-in-law unit with a full kitchen and bathroom.

Ideally situated just minutes from Downtown LA, USC, SoFi Stadium, and major freeways, this home blends comfort, style, and accessibility—your ideal Los Angeles retreat.

Property Features:

- 3 Bedrooms & 2 Bath

- 916 Square Ft

- Detached Garage with alley access

Don't miss this amazing opportunity.