HousingWire Daily Powell faces a mutiny at the Federal Reserve
14 snips
Aug 7, 2025 
In this engaging discussion, Logan Mohtashami, a lead analyst renowned for his insights into the housing market, joins Editor in Chief Sarah Wheeler. They dive into the contentious calls for rate cuts by Federal Reserve presidents, exploring how these dynamics influence mortgage rates and the broader economy. Logan shares valuable perspectives on how recent employment data ties to potential interest rate shifts and the challenges within the housing market, including the emotional impacts of declining mortgage buyers and rising foreclosures.
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Fed Mutiny Brewing Over Rate Cuts
- Several Federal Reserve presidents publicly call for two or more rate cuts due to weakening economy.
- This signals a potential internal conflict, or "mutiny," against Fed Chair Jerome Powell's policies.
Bond Market Moves Before Fed
- The bond market often anticipates Fed moves, causing mortgage rates to shift before official rate changes.
- Mortgage rates recently fell sharply without actual rate cuts, showing market dynamics can differ from Fed actions.
Mortgage Rates Depend on Economic Data
- Mortgage rates might not rise even if Fed cuts rates, depending on economic data trends.
- Economic data improvements can push bond yields and mortgage rates higher despite Fed cuts.