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Mortgage rates are still high, refi applications are slowing, and the headlines are louder than ever—but is a major shift finally on the horizon?

In this latest episode of Market Shares, Tony Blodgett breaks down the latest CPI and PPI data, the Fed’s restrictive stance, and rising political pressure on Jerome Powell. With inflation cooling and job numbers weakening, is it time for the Fed to finally cut rates? And how will the political landscape—especially talk of a “shadow Fed” and Powell’s potential replacement—impact the mortgage and housing markets?

Backed by expert insights from voices like Barry Habib, Tony shares his take on why rates are likely higher than they should be—and what that means for loan officers, real estate pros, and homeowners alike.

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