Hey, everybody. Do what I did open a CD today for 12 to 17 months. Your choice, you can

get 5.15% interest or you can take Susie's lead and go for the jumbo. That's $75,000 minimum deposit

for 5.2%. How do they do it, Katie? Go to myalliant.com slash ultimate. When do you want them to do it?

Today, today, today, today, today. There you go. Yeah, baby.

It's Sunday, July 30th, 2023. Susie, are you ready for today's podcast?

Oh, you bet I am because I'm unstoppable.

I'm so confident. I'm unstoppable today. Welcome everybody to the women and money podcast as well

as everybody smart enough to listen. Susie, oh, here. So a little bit ago, okay, T came in and said,

do you need me to help you? You look like you're stuck. They said, why do I look like I'm stuck?

Just, well, you're just kind of sitting there. I'm sitting here because I'm thinking about what

topic should I talk about today? She said, well, I can help you. I said, can you just not help me

so that I can decide what topic I want to talk about today? And she said, so what are you thinking

about? I said, well, I was thinking about before you came in and interrupted me, Katie, about

the increase in the Fed funds rate that happened last Wednesday. And with that, she said,

okay, I can't help you with that. And she just left. So that's what we're going to talk about.

Do you know that one year ago, the Fed funds rate was at 1.75%.

Today, it is at 5.5% and possibly can even go higher. So why should you care about that?

Why am I doing a podcast on that? And how does it affect you? So take out your Susie notebooks.

For today, Susie School is going to be about the Fed funds rate and how that affects mortgage

rates. And therefore, what that does for the projection for the housing market for the rest

of the year of 2023. So now, I know, I know, I've explained it before, but just in case you forgot

or you missed that podcast, here's what you need to understand. The Fed funds rate is the rate

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