HousingWire Daily Logan Mohtashami on the market’s response to trade war headlines
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Feb 5, 2025 
Logan Mohtashami, a lead analyst renowned for his deep insights into the housing market, joins to discuss how trade war headlines influence market dynamics. He unpacks the unexpected impact of presidential announcements and explores how tariffs trigger shifts in currency and bond yields. The conversation highlights challenges in the housing sector due to rising materials costs and labor shortages. Additionally, they dive into the critical role of labor data on mortgage rates and the ramifications of the CFPB's potential shutdown on mortgage regulations.
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Market Response to Trade War News
- Markets reacted strongly to trade war news, with the dollar strengthening and bond yields initially rising.
- This reaction highlighted the potential economic impact of tariffs, especially on commodities and currencies.
Mortgage Rate Stability
- Despite the trade war drama and initial market fluctuations, mortgage rates remained relatively stable.
- This suggests that mortgage rates may be less sensitive to short-term trade war news than other market indicators.
Housing Market and Tariffs
- The housing market is sensitive to rising prices of lumber and other building materials, which tariffs can exacerbate.
- This poses a challenge to housing affordability, a key concern for the market.