HousingWire Daily
Logan Mohtashami on how tariffs are driving mortgage rates lower
Apr 7, 2025
Logan Mohtashami, a leading analyst known for his sharp insights on housing and economic trends, discusses the complex interplay of tariffs and mortgage rates with Editor in Chief Sarah Wheeler. He reveals how Trump’s tariffs are surprisingly driving mortgage rates lower, despite significant job report influences. The conversation delves into how this affects housing demand and home builder confidence, while also addressing recent shifts in credit markets and economic data. It's an engaging look at the unpredictable dynamics shaping the real estate landscape.
28:06
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Quick takeaways
- The recent announcement of tariffs has led to significant volatility in markets, particularly decreasing the 10-year yield while mortgage rates remain inconsistently affected.
- Despite positive labor reports indicating stability, analysts caution that uneven economic indicators could lead to aggressive policy shifts affecting the housing market.
Deep dives
Impact of Tariffs on Economic Volatility
The announcement of new tariffs has led to significant market volatility, with analysts noting a chaotic atmosphere reminiscent of a dramatic scene from a movie. The unexpected nature of these tariffs has caused a sharp response in both stock and bond markets, with the 10-year yield experiencing considerable downward pressure. Despite this decline in yields, mortgage rates have not followed suit proportionately, and spreads have actually worsened during this tumultuous period. Analysts emphasize the unpredictable nature of future economic developments, as any new announcements could drastically alter the current landscape.
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