Trump has relentlessly beaten this narrative of lowering mortgage rates because housing sentiment is so shite and he is nothing if not a rhetoric machine. However the Fed has cut 150bps since Sept last year and mortgage rates are effectively unchanged. Housing is a long and painful way away from becoming affordable for the median buyer again. A stooge like Hassett getting the chair job is not likely to stoke much of a bid in the long end. If anything he could risk making it worse.(𝐓𝐗𝐌𝐂)