Last week, the Fed cut interest rates—but mortgage costs went up. In this episode of The Multifamily Investor Playbook, John Makarewicz unpacks why rate cuts don’t always translate into cheaper debt and what that means for investors right now.

You’ll learn:

✅ The difference between Fed policy rates, bond yields, and mortgage pricing

✅ Why mortgages can rise even after a rate cut (and why this isn’t unusual)

✅ How tariffs, inflation, and labor data could shape rates over the next 3–9 months

✅ Three scenarios operators should be preparing for: soft landing, sticky inflation, or growth scare

✅ The disciplined playbook Faris Capital Partners uses to protect investor capital: fixed-rate debt, strong reserves, conservative underwriting, and resident-first strategies

Takeawa ...