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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Matt Graham from MBS Live and Mortgage News Daily. A former loan originator, Matt is one of the foremost technology innovators and market commentators in the mortgage industry. Matt talks about what to expect with mortgage rates for the rest of the year and into 2025, and offers keen insights into a variety of other economic indicators.

About Matt Graham

A former originator, Matt fell into the rabbit hole of following the bond market in order to better understand mortgage rate movement. While the systems available at the time were useful, they barely scratched the surface. They also ran the risk of teaching originators to focus on things that didn't really matter.

So Matt set out to build something that solved both problems. In the 20 years that followed, Matt has proven to be the industry's foremost innovator in market data services designed specifically for mortgage originators. MBS Live continues to be the most trusted, most accurate, and most timely source of streaming bond prices, data and dialogue.

Matt is routinely featured in the media as a mortgage rate expert and is responsible for helping several major media outlets modernize their mortgage rate reporting. He currently lives in the Pacific Northwest where he enjoys skiing, fishing, hunting, coaching youth sports, playing in the old guy league, and most of all, spending time with his family.

Here's a glimpse of what you'll learn:
Why everyone was fooled about rates for 2024
What to look for with mortgage rates for the rest of the year and into 2025
What to look for in the inflation data for the next few months
Which other macroeconomic measures we should be watching
How the Fed communicates, and how markets react to the Fed
The latest dynamics of mortgage pricing, fees and points
Why the last two years has been “tougher than the Great Financial Crisis” for mortgage lenders
Why the 8% interest rate in September 2023 was probably “defensive panic” and unlikely to repeat
How the postCovid stimulus money is still reverberating in the economy and the markets today
Whether there’s a threshold rate for where consumers start to buy homes
His view of the imperative to “spread the wealth” of real estate in the US to more people, including those who are long term renters

Altos Research is the premier resource for realtime real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make betterinformed decisions.

Featuring Mike Simonsen, President of Altos Research

A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.

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See you next week!
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Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.