How the Iran war escalation, jobs week are affecting mortgage rates
Summary
Logan Motoshami discusses how escalating Middle East tensions are driving up oil prices and mortgage rates, pushing the 10-year yield near yearly highs. He clarifies that the Fed is not engaging in quantitative easing, debunking common industry myths. Motoshami analyzes housing data, noting that improved mortgage spreads are currently keeping rates manageable despite geopolitical risks. He also reviews inventory trends and labor market expectations, emphasizing that the Fed remains focused on jobless claims rather than minor job growth fluctuations.
Topics discussed
Sponsor message: ICE Mortgage Technology
Introduction and war escalation context
Market reaction: Oil prices and 10-year yields
Geopolitical dynamics and White House response
Mortgage rates, spreads, and Fed policy conflict
Likelihood of Federal Reserve rate hikes
War fatigue, social media, and economic focus
Clarifying myths about Fed QE and bond buying
Housing Market Tracker: Spreads and inventory data
Sponsor message: Estate Agent Growth
Seasonality, new listings, and sales outlook
Jobs week expectations and labor market analysis
Outro and Housing Wire AI Summit promotion
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