HousingWire Daily Logan Mohtashami on how tariffs are driving mortgage rates lower
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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.
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Market Volatility as Anchorman Fight
- Logan Mohtashami likens the past week's market volatility to the fight scene in Anchorman, citing escalating tariffs and market reactions.
- He humorously connects Peter Navarro's involvement to his own Irvine residence, adding a personal touch.
Mortgage Rates and Spreads
- Despite the 10-year yield decreasing, mortgage rates haven't dropped significantly due to worsening spreads.
- A slow 10-year yield decline, coupled with Fed rate cuts, could improve spreads and lower mortgage rates.
Tariffs Driving Bond Yields
- The recent drop in bond yields is primarily attributed to tariffs, not breaking labor data.
- While other economic indicators weaken, the labor market remains relatively strong, emboldening Trump's aggressive tariff approach.