Ep. 251 - Rates, Recession and Opportunity with special guest Dan Habib

What would it take for mortgage rates to finally drop — and will the Fed actually act before it’s too late? Dan Habib joins Quinton Harris to unpack what’s moving rates, why homeowners shouldn’t wait for 5% mortgages, and how rising debt and market demand are affecting the future of homeownership. They’ll explain what homeowners can do now, what to watch for in the job market, and why new players like stablecoins might influence Treasury demand and mortgage rates ahead.

"Trust is built by telling people what they need to hear, not what they want to hear." — Quinton Harris

BIG THANKS to Dan Habib with MBS Highway: https://www.highway.ai/

🏠 Check out MBS Home Report: https://www.highway.ai/products/home-report

Special thanks to our show sponsor, Texana Bank! We’re proud to partner with a bank that’s not just about transactions, but about creating opportunities for professionals. From innovative programs like REMLO to nationwide lending solutions, Texana Bank is helping reshape the future of real estate and mortgage careers. 👉 Check them out at https://mortgage.texanabank.com — and see what makes them different. 👉 Check out REMLO at https://mortgage.texanabank.com/remloprogram/ for more information and to sign up now!

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00:00 — Intro & Dan Habib’s bio
01:55 — State of the market: rates & volatility
02:50 — Forecasting lower mortgage rates in 2025-26
04:00 — How the Fed’s dual mandate works
05:55 — Inflation, tariffs, and the Fed’s hesitation
07:40 — Labor market weakening signs
10:00 — Fed’s mistakes & rear-view decision making
12:10 — Job reports revisions & reliability issues
14:55 — Upcoming Fed leadership speculation
16:35 — Breaking down the BLS unemployment data
19:00 — Bond market, treasury yields, and job data reactions
20:35 — Debt, treasury supply & mortgage rate pressure
22:30 — Debt-to-GDP debate & tax policy impacts
24:00 — Key demand drivers for treasuries: 3 major factors
26:10 — Stablecoins' growing role in the bond market
28:50 — Debunking reserve currency fears & auction strength
30:10 — September rate cut prediction & Fed futures odds
31:55 — Could the Fed move 50 bps? Dan’s take
33:00 — Shadow Fed discussion & politics at the Fed
35:10 — Trump's possible Fed chair picks
37:05 — Advice for mortgage and real estate pros
39:00 — Building trust through vulnerability
40:45 — Having strong market answers to build authority
42:55 — Refinancing strike rate strategy
44:35 — Debt consolidation opportunities right now
46:00 — How to truly bring value to agents
47:35 — Tech-enabled agent & loan officer partnerships
48:20 — Home Report product walkthrough
50:10 — Predictive analytics & customer engagement tools