Logan Mohtashami on why the Fed is using housing as a sacrificial lamb
HousingWire Daily
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Jobless Claims Breaking Is Key
If the Fed really wanted to lower mortgage rates longer, and just all they have to do is say one sentence, we'll be back in the mortgage back security markets. If jobless claims broke right now, let's say that we were losing 200, 300,000 jobs per month, different story with a Federal Reserve. They can no longer use that, but we're not there yet. So that is the line in the sand. But once claims break, there you go. The cycle is over.
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