Good Morning! Today is Thursday, January 4. Iran blamed Israel for two explosions that killed at least 84 people. The Israeli military said that a hostage was killed during a rescue attempt last week. Donald Trump asked the Supreme Court to reverse a ruling excluding him from Colorado’s primary ballot.
The Mortgage Note Reports
Hottest Cities Of 2024: Buffalo, NY, is slated to be the hottest market of 2024 as affordable Midwestern metros gain popularity among money-minded Americans.
Small Successes: Both listings and sales improved in December, suggesting that cooling rates may finally be encouraging some movement in the market.
In other mortgage and housing news…
Starting Off Strong: Early-stage homebuying demand is starting to pick up as buyers take advantage of lower rates and a bump in new listings.
Yields Pushing Rates Down: The differential between 30-year mortgage rates and benchmark Treasury yields has been shrinking for eight straight weeks.
“Steady 2024”: Zillow Chief Economist Skylar Olsen shared her Housing Market Resolutions for the year, including more homeowners selling and rent growth stabilizing.
Market Overreaction: Rocket Companies’ stock dropped yesterday after an analyst said the company won’t benefit much from recent declines in mortgage rates but most analysts remain neutral.
Company News: Blend now supports Fannie Mae’s Desktop Underwriter early assessment enhancement; Floify joined ACUMA to help credit unions elevate their homebuying experiences.