HousingWire Daily A yearly high in purchase apps, plus the jobs data
10 snips
Dec 5, 2025 
Logan Mohtashami, a lead analyst renowned for his insights on housing and mortgage markets, joins to discuss the surge in purchase applications and the implications of current job data. He highlights a significant 17-week growth in purchase apps and how mortgage rates may dip into the mid-5% range. Logan contrasts mixed labor reports and elaborates on the Fed's cautious stance on policy changes. Additionally, he critiques NAR data on first-time buyers, while previewing the upcoming Housing Economic Summit and its potential impact on future market planning.
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Cold Indiana Trip And Snow Mishap
- Logan recounts being in Indianapolis, touching snow briefly and retreating to his hotel.
- He jokes his Southern California background makes him poorly suited for cold weather.
Purchase Apps Reach Year-To-Date Peak
- Purchase applications have hit a year-to-date high with 17 straight weeks of positive year-over-year growth.
- Sustained sub-6.64% mortgage-rate conditions correlate with improved purchase demand and better sales prospects into 2026.
Labor Data Is Softening, Not Breaking
- Labor data lines diverge: ADP and private reports look weak while initial jobless claims remain very low.
- That mix implies a softening labor market but not one the Fed views as 'breaking' yet.