Today’s podcast covers an important topic: the labor data or the inflation data driving rates this year. Of course, I have had a firm view on this for some time, and the 10-year yield breaking below my critical level is based on the labor data getting weaker than the inflation data.
For those who actively follow my work, you know that I brought Gandalf from Lord of the Rings to claim that the 10-year yield won’t break this critical level until jobless claims weaken. Well, that level was tested a lot more than I would have thought, but for what it’s worth, “You Shall Not Pass” has worked well this year.
Podcast Link: https://www.housingwire.com/podcast/logan-mohtashami-on-whether-jobs-data-or-inflation-is-driving-mortgage-rates/
Every Sunday for HousingWire, we bring out the weekly HousingWire Tracker report, where I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing. If you would like to join HW Plus to have access to the tracker, please use my LoganVIP20 code.
We will have a Special July the 4th podcast tomorrow to celebreate the United States Of America!
“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.