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! Connect with us: Youtube: https://www.youtube.com/@whatsyour1more Apple: https://podcasts.apple.com/us/podcast/whats-your-1-more/id1647180355 Facebook: /whatsyour1more Twitter: /whatsyour1more Instagram: /whatsyour1more Spotify: https://open.spotify.com/show/37zPGizSKOGid1NVnm92i5 If you enjoyed this episode, please like, subscribe, and share your thoughts in the comments — your feedback and engagement mean the world to us and help shape future episodes of What’s Your One More! Thank you for being part of our community! 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