HousingWire Daily Logan Mohtashami on Fannie & Freddie, mortgage rates and bond auctions
8 snips
May 23, 2025 
Logan Mohtashami, a lead analyst renowned for his deep understanding of housing trends, joins to dissect the current landscape of mortgage rates and housing data. He highlights the impressive 16-week growth in purchase applications, emphasizing its significance. The discussion also sheds light on the evolving role of technology in appraisals and the impacts of economic factors on mortgage rates. Additionally, Mohtashami talks about the controversial idea of releasing Fannie Mae and Freddie Mac from conservatorship, weighing the risks and benefits involved.
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Purchase Applications Show Resilience
- Purchase application data has grown for 16 straight weeks year-over-year despite elevated mortgage rates.
- Inventory growth and stabilized price growth create a healthier housing market balance.
Inventory Gains Improve Market
- Housing inventory hit all-time lows during 2020 and remained suppressed in 2021 despite low mortgage rates.
- Growing inventory now signals a shift towards better equilibrium in the housing market.
Existing Sales Show Positive Signs
- Existing home sales are starting to show year-over-year growth due to low comparison benchmarks.
- Price growth remains subdued, improving affordability and supporting potential sales growth if rates ease.