Will the 10-year go up? Will it matter what the Fed is doing? The Fed is now trying to fight inflation. We are at full employment as an economy. Our jobless claims, which is kind of like a vis-à-vis layoff indicator, is at its lowest since the 60s. We have over 10 to 11 million jobs open that people are not taking. That's what the Fed is going to do.

The public is talking about the plan of attack for quantitative tightening. So the idea and the consensus is that at the May 4th meeting by the Fed that they will announce a 50 basis point rate hike. And then they're going to say that they will have a cap of up to $95 billion per day in, I guess, quantitative tightening of mortgage-backed securities.

My home state of Texas passed a law that allows the homestead exemption to start immediately, as soon as you buy a home and be pro-rated. Homestead exemption is if this is your homestead and this is your primary residence and this is where I'm going to plant my flag and come hell or high water, I'm going to pay this bill before anything else, no matter what. You get a tax break. #KPTalks