HousingWire Daily Logan Mohtashami on Powell, job openings and the mortgage rate lockdown
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Jul 2, 2025 
In this discussion, Logan Mohtashami, a lead analyst specializing in housing market insights, unpacks the impact of job openings data on Federal Reserve policies and Chair Jerome Powell’s influence on interest rates. He explains how economic factors like tariffs could shape future monetary policy. The conversation critically examines the 'mortgage rate lockdown' myth, revealing its real effects on homebuyers. With a light-hearted take on workout routines, Mohtashami keeps the dialogue engaging while unraveling complex market dynamics.
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Powell Signals No July Cut
- Jerome Powell indicated no July rate cut without weaker economic data.
- The Fed values job openings data highly, influencing bond yields and mortgage rate trends.
Market Leads, Fed Follows
- The market often moves ahead of the Fed, which follows to catch up.
- Bond yields and mortgage rates reflect economic data more than Fed actions in many cases.
Home Equity Strong Compared to Past
- 82.6% of American homeowners have over 30% equity in their homes.
- Current loan-to-value ratios and down payment trends differ greatly from the 2002-2005 credit boom period.