Logan Mohtashami on jobs, mortgage rates and the Fed’s next move
HousingWire Daily
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Homepoint Shuts Down Originations
Housing went into recession on June 16th 2022 which means that the longer the recession goes the more painful it is for those in the industry. So you have a sector that has a lot of overcapacity and you have basically margin wars going on everywhere else. The Federal Reserve doesn't care once the job loss recession does occur. Bond yields will go down mortgage rates will go down in business. Demand will pick up but from here to there from that June 16th day in 2022 you can see the damage that's being done in the industry, says John Defterios.
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