Logan Mohtashami, a HousingWire Lead Analyst, has predicted a decrease in mortgage pricing by about 10 basis points despite volatility in the markets caused by new tariffs. Analysts, including Melissa Cohn, voiced concerns over goods costs and inflation, suggesting that the temporary decline in mortgage rates may not last. Polly CEO Adam Carmel articulated that ongoing uncertainty is driving market fluctuations, signaling that a lower rate environment might occur but be subject to swift changes. Freddie Mac and Optimal Blue reported significant rate drops, prompting further speculation about potential escalation in downward pressure on mortgage rates.
HousingWire Lead Analyst Logan Mohtashami noted that the markets are reacting negatively to the new tariffs, prompting fears about future economic conditions.
Melissa Cohn from William Raveis Mortgage echoed concerns about the tariffs influencing inflation and potential impacts on mortgage rates.
Polly CEO Adam Carmel highlighted the overarching uncertainty affecting market volatility and the potential for rapid changes in rate dynamics.
Optimal Blue's Mike Vough reported a drop in mortgage rates, describing this decline as the lowest since October 2024 amid escalating downward pressure.
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