HousingWire Daily Jobs data preview and mortgage rates
15 snips
Feb 5, 2026 
Logan Mohtashami, a lead analyst who tracks housing, mortgages and bond yields, joins to parse labor data. He discusses how jobs prints and revisions shape mortgage-rate outlooks. They cover ADP signals, wage growth, Fed priorities, and political pressure on central bank leadership. The conversation centers on which labor metrics will move yields and mortgage pricing.
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Chart Daddy T‑Shirt And Childhood Jersey
- Logan thanks JP Morgan Chase for a Houston Chart Daddy t-shirt and notes his childhood jersey number was 26.
- He shares this light personal detail at the top of the conversation.
Weather Skews Weekly Housing Data
- Logan Mohtashami says short-term weather events (like snow) create noisy weekly data that temporarily depresses purchase applications.
- He warns to ignore that noise and watch underlying trends such as inventory growth and improving affordability.
ADP Missed But Labor Still Controls Yields
- The ADP private payrolls report missed expectations, signaling no clear rebound in jobs so far.
- Logan links weak private payrolls to modest upward pressure on 10-year yields if labor reaccelerates.