HousingWire Daily Logan Mohtashami: What does the jobs report mean for mortgage rates?
8 snips
Aug 2, 2025 
Logan Mohtashami, a lead analyst known for his expertise in housing market data, joins the discussion to unpack the implications of a disappointing jobs report. He highlights how this miss could influence the Federal Reserve's approach to rate cuts. The conversation addresses key economic trends, including the decline in housing starts and construction labor, and emphasizes the importance of adapting to these shifts. Mohtashami provides valuable insights on the complexities linking labor market data to future mortgage rates and housing dynamics.
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Historic Jobs Report Miss
- The July jobs report showed a massive miss with only 73,000 jobs added and huge negative revisions.
- This signals a slowing labor market trend and suggests the Fed is behind the curve on policy adjustment.
Fed Must Watch Housing Labor
- The Fed needs to stop ignoring declines in residential construction labor as it’s a key recession indicator.
- They should act faster to adjust policy when housing labor weakens to avoid deeper economic issues.
Nominate Waller To Cut Rates
- If Trump wanted action on rates, he should publicly nominate Christopher Waller as Fed Chair now.
- This would give political cover for needed Fed rate cuts and bring fresh leadership.