CNBC's "Fast Money" A Housing Revival As Mortage Rates Drop… And Meta’s Nuclear Deal 1/9/26
Jan 9, 2026
Andrew Obin, a senior industrials analyst at Bank of America Securities, shares insights on the recent drop in mortgage rates and its impact on housing affordability. He discusses how the government's push to buy $200B in mortgage bonds aims to stimulate the market. Obin also highlights Meta's strategic nuclear deals to power its AI ambitions, detailing the implications for data center infrastructure and the potential winners in the HVAC sector. Additionally, he addresses the growing role of advanced nuclear power in overcoming energy shortages.
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Prefer Home Depot Over Builders
- When considering housing exposure, Tim Seymour recommended favoring Home Depot over homebuilders for steadier returns.
- He suggested checking XHB's holdings since the ETF leans toward suppliers and remodelers not just builders.
Supply, Not Small Buybacks, Drives Housing
- Structural supply shortages remain the primary long-term housing problem despite short-term rate moves.
- Julie Beal emphasized the market needs far more homes and policies to speed construction are more meaningful than small MBS buybacks.
Temporary Stimulus, Gradual Fed Cuts
- Stimulus via tax refunds and one-time payments will give the economy a near-term boost but Congress likely won't add sustained fiscal stimulus.
- Mike Schumacher expects the Fed to wait for cleaner data before cutting rates, keeping policy easing probable but not immediate.