Ep. 254 - Dan Habib on Jobs, Inflation, and Mortgage Market Shifts

 👍 Like and subscribe to What’s Your 1 More Podcast for more conversations that matter to homeowners, real estate professionals, and investors. What happens when job reports don’t tell the full story—and how does that impact mortgage rates, real estate, and your financial decisions? In this 2 part episode, Quinton Harris and returning guest Dan Habib break down why recent labor data revisions reveal a weaker job market than headlines suggest, what it means for the Federal Reserve’s upcoming rate cuts, and how homeowners can prepare for opportunities in a shifting housing market. You’ll also hear about how tariffs and inflation are playing into mortgage-backed securities, the critical role of the labor market, and why ignoring the noise could put you ahead when the next real estate wave arrives. Quinton Harris: “The housing market rewards those who prepare before the headlines catch up.” 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 out 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 Special thanks to MBS Highway: https://www.highway.ai/ 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 1 More! Thank you for being part of our community!   Episode Timestamps [00:00:00] Intro [00:00:30] Episode overview [00:01:00] Recent reports [00:01:55] Inflation data [00:04:45] Loan officer stats [00:06:35] Inflation outlook [00:07:55] Job market trends [00:09:45] Job openings drop [00:10:30] BLS revisions [00:12:00] Rate “punisher” [00:12:55] Sponsor – REMLO [00:13:50] BLS accuracy [00:16:50] Data issues [00:18:55] Inflation metrics [00:19:55] Fed flip flop [00:21:00] U3 vs U6 [00:23:05] True unemployment [00:24:55] Fed dissenters [00:26:35] Fed makeup [00:27:55] September cut [00:28:35] Closing