On Wednesday, Warsh refused to be drawn on whether he had spoken with Trump since his swearing-in weeks ago. “On the President, I don’t have anything for you,” he said, although he confirmed that the longstanding tradition of weekly meetings between the Fed chair and Treasury secretary – currently Scott Bessent – has continued.
There are still plenty of twists and turns ahead between now and the end of the year for the Fed, particularly if expectations harden around a potential interest rate hike.
That would likely put further pressure on affordability at a time when the housing market is already grappling with elevated borrowing costs. Ghobadian, though, isn’t looking far past the outcome of the US-Iran talks – and says an agreement could be a decisive moment for the rate outlook.
“I think the biggest surprise with rates is going to be once a treaty is signed between Iran and the US,” she said.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
Publisher: Source link
