Kevin Warsh’s Plan To Cut Rates Without Crashing Home Prices | February 02, 2026

On today’s Hot Sheet, Byron Lazine broke down fresh housing demand data from HousingWire’s Logan Mohtashami showing purchase applications up 18% year over year as mortgage rates hover near 6%.

He also covered U-Haul’s 2025 Growth Index, which ranked Texas No. 1 again with Dallas leading all metros and Florida claiming 12 of the top 25 growth cities.

For today’s third topic, Byron reviewed Realtor.com reporting on Fed Chair nominee Kevin Warsh’s plan to shrink the Fed’s $6.6T balance sheet and sell $2T in MBS to help push mortgage rates lower.