Today’s podcast covers the recent drama with the banks; its impact on bond yields & mortgage rates. We also discussed housing inventory and purchase application data regarding its performance during Mr. Toad’s wild ride with rates since November 9th, 2022.
https://www.housingwire.com/podcast/logan-mohtashami-on-banking-chaos-pushing-bond-yields-and-rates-lower/
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP20 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
I recently wrote about the most recent CPI inflation report. As always with many of my inflation articles, the theme is to put your 1970s disco pants and shoes back in the closet.
https://www.housingwire.com/articles/is-inflation-or-recession-driving-mortgage-rates-now/
Today, I also gave my take on today’s housing starts report and why longer term it’s suitable for mortgage rates.
https://www.housingwire.com/articles/latest-housing-starts-data-is-good-for-mortgage-rates/
Regarding the 10-year yield, those who have followed my 2023 prediction on the bond market channel forecast and the weekly tracker reports
https://www.housingwire.com/articles/housing-market-tracker-mortgage-rates-fall-after-svb-failure/
People who follow my work know that my Gandalf line in the sand has been around 3.42% on the 10-year yield as an area that will be tough to break. Even with all our madness the past few days, it still has held that line.
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else