HousingWire Daily
Logan Mohtashami: Volatility as market goes wild
Apr 9, 2025
Logan Mohtashami, Lead Analyst at HousingWire, brings his deep expertise to discuss the chaos in the housing market. He unpacks the recent sharp reversals in mortgage rates and their ties to economic indicators and geopolitical tensions. The conversation explores how tariff announcements stir market unpredictability and challenges misconceptions about the U.S. economy's resilience. Additionally, he highlights promising trends in housing data, suggesting potential market recovery amidst current volatility.
24:28
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Quick takeaways
- Market volatility is driving mortgage rates up sharply, complicating rate-lock processes for borrowers amid rapid economic changes.
- Despite overall economic uncertainty, the housing market shows positive trends with rising purchase applications and inventory signaling potential recovery.
Deep dives
Impact of Market Volatility on Mortgage Rates
Market volatility is significantly influencing mortgage rates, creating an environment of rapid changes and unpredictability. Recently, mortgage rates rose from approximately 6.55% to 6.85% within a short period, illustrating how quickly conditions can shift. Factors contributing to this instability include external economic indicators, such as stock market fluctuations and bond yields, particularly highlighted by the recent 10-year yield reaching up to 3.87%. The volatility is concerning for industry professionals, as swift changes complicate the process of locking in rates for borrowers.
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