HousingWire Daily
Logan Mohtashami on mortgage rate whiplash
Feb 17, 2025
Logan Mohtashami, Lead Analyst, offers keen insights into the tumultuous shifts in mortgage rates and their implications for the housing market. He breaks down the recent fluctuations driven by economic factors like CPI and PPI, shedding light on how these influence investment decisions. The conversation also touches on potential HUD workforce cuts, the effects of labor market trends on homeownership, and the significance of mortgage rates hitting below 6% for boosting sales and refinancing. Tune in for a deep dive into the data behind the chaos!
45:53
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Quick takeaways
- Recent fluctuations in mortgage rates demonstrate a market sharply influenced by economic reports like the CPI and PPI.
- Employment dynamics, including rising unemployment among college-educated individuals, are crucial in shaping the mortgage landscape and housing demand.
Deep dives
Recent Mortgage Rate Volatility
The discussion highlights the significant fluctuations in mortgage rates, particularly concerning the 10-year yield. Recent economic reports have caused sharp reactions in the bond market, resulting in mortgage rates dipping below 7% after previously hitting highs. The changes in the Consumer Price Index (CPI) and Producer Price Index (PPI) have been pivotal, as hotter-than-expected inflation data initially drove bond yields up, only for them to drop dramatically afterward. This unpredictable behavior suggests a market heavily influenced by immediate economic news, indicating a whiplash environment for mortgage professionals and consumers alike.
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