HousingWire Daily Hawkish Fed members push back on December rate cut
Nov 17, 2025
Logan Mohtashami, a lead analyst specializing in housing and mortgage market data, joins to discuss the Federal Reserve's recent hawkish stance. He explains why Fed officials are resisting December rate cuts and how their rhetoric is influencing market expectations. Logan also touches on Powell's evolving views on the labor market and the Fed's focus on inflation targets. He emphasizes the importance of labor-market signals before cuts occur and provides insights on the housing market's sensitivity to rate changes, including the impracticality of a 50-year mortgage.
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Fed Uses Rhetoric To Guard Long Yields
- The Fed's public hawkishness aims to prevent long-term yields and mortgage rates from falling too far.
- Logan Mohtashami argues Fed members are signaling to Wall Street to keep the 10-year above ~4% and mortgages above ~6%.
CNBC Appearance And Kashkari Clip
- Mohtashami recounts discussing mortgages on CNBC at odd hours and showing clips of Fed officials to make his point.
- He uses Kashkari's comments as evidence the Fed worries about rates near 6%.
Prefer Lower Rates Over Longer Terms
- Don't expect gimmicks like a 50-year mortgage to solve affordability; focus on achievable rate relief.
- Mohtashami recommends aiming for mortgage rates closer to 6% rather than structural product changes.