July rate hike in play if inflation is hot this week
Summary
HousingWire Daily features lead analyst Logan Motoshami discussing the impact of inflation, geopolitical conflicts, and hawkish Federal Reserve rhetoric on mortgage rates. The episode highlights Fed Governor Christopher Waller’s potential support for July rate hikes if core inflation remains elevated, signaling a shift away from previous dovish expectations. Motoshami explains that despite falling oil prices, the bond market is reacting negatively to ongoing tensions and AI-driven inflation, keeping the 10-year yield near 4.6%. The discussion also covers top housing news, including the Road…
Topics discussed
Intro and top five trending housing stories
Fed officials shift to hawkish stance on rate hikes
Impact of geopolitical conflict on bond yields
Focus on core month-to-month inflation data
Why lower oil prices aren't lowering rates
Fed internal dynamics and political pressure
Mortgage rate forecasts and housing demand impact
AI inflation and data center costs
Conclusion and HousingWire AI Summit promo
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