What a potential Fed leadership change could mean for mortgage rates
Summary
Clayton Collins and guest Logan Modashami discuss the DOJ dropping the Powell probe, paving the way for Kevin Warsh’s Fed confirmation by mid-May. They analyze how a dovish Warsh might impact mortgage rates amid geopolitical tensions and stabilizing labor data. The episode also covers recent purchase application trends, the launch of the HousingWire Intelligence mobile app, and previews Modashami’s keynote at The Gathering event in Austin.
Topics discussed
Intro and sponsor acknowledgments
DOJ drops Powell probe; Warsh confirmation timeline
Warsh's dovish stance and Fed internal dynamics
Impact on bond yields, mortgage rates, and spreads
Sponsor message: Federal research funding
Mortgage application data and rate volatility trends
Using HousingWire Intelligence for local market confidence
Sponsor message: Estate Agent Growth
The Gathering keynote and prediction market joke
The Gathering highlights and AI Summit promo
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