Will mortgage rates get back to 7% this year?
Summary
HousingWire Daily features lead analyst Logan Modashami discussing the likelihood of mortgage rates exceeding 7% amid rising inflation and geopolitical tensions. Modashami argues that while the 10-year yield hit 4.60% due to the Iran conflict, mortgage spreads remain stable, preventing rates from surging. He emphasizes that sustained hawkish Fed policy and strong labor data are required for rates to break higher, noting that current market dynamics differ significantly from previous years.
Topics discussed
Intro and top 5 trending stories at HousingWire
Why mortgage rates haven't exceeded 7% yet
Conditions needed for rates to rise above 7%
Forecasting philosophy: The 'why' behind the numbers
Fed policy vs. Iran conflict impact on yields
Key variables: Labor data, consumption, and Fed stance
Mortgage spreads and historical credit stress events
Upcoming Fed meeting and Chairman Warsh's role
Navigating market chaos and AI Summit promo
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