Morning Roundup (1/10/25) – Rates Rise To 6.93%

ByTMN Editor Reading Time: 1 minute

Good Morning! Today is Friday, January 10. Ten people have died in the LA wildfires. Donald Trump will face sentencing today in his hush money trial in New York. The Supreme Court is hearing oral arguments in the TikTok case today.

The Mortgage Note Reports

Rates Up: Rates continued to inch up last week as markets digested the FOMC’s December meeting minutes and housing affordability remained constrained.

Ridgeland Leadership: Industry veteran Teresa Carlile has been named president of the loanDepot-affiliated Ridgeland Mortgage.

In other mortgage and housing news…

Starting To Thaw?: After nearly three years of grappling with an expensive housing market, homebuyers are showing signs of getting used to it.

Tech Update: Origination tech company Mortgage Machine announced that it now offers an AI-powered pricing engine.

Company News: Mike Rawls, CEO of Xome, will retire in June and be succeeded by Chris Marshall, former Vice Chairman and President at Mr. Cooper.

Ongoing Crisis: The LA wildfires will exacerbate an already extreme housing crisis in the City of Angels as displaced people look for rentals.

Possible Solution: The federal government’s power to address the housing deficit is limited, but Republicans and Democrats both support repurposing federal lands.