Morning Roundup (11/1/2024) – 2025 Projections

Good Morning! Today is Friday, November 1. Kamala Harris campaigned in suburban Las Vegas with singer Jennifer Lopez. Donald Trump campaigned in New Mexico and will visit Virginia this weekend. Israel struck a hospital in northern Gaza, destroying recently delivered medical supplies.

The Mortgage Note Reports

2025 Projections: As mortgage rates rise heading into the holiday season, potential buyers are holding off on home purchases hoping for more favorable conditions in the new year. Writer Erin Flynn Jay reports on what rates are expected to look like next year.

Rates Rise: Mortgage rates jumped again last week, hitting 6.72%, and are expected to remain volatile through at least next week.

Rose At Asurity: Risk and compliance consulting firm Asurity Advisors welcomed Ellen Rose as a senior advisor.

Tech Podcast: As lenders work to stay on top of advances in artificial intelligence, companies are hiring the top minds in mortgage technology. Editor Kimberley Haas spoke with Rocket Pro TPO GM Dan Sogorka, who joined the company in September.

In other mortgage and housing news…

Your Neighbor’s Vote: Flyhomes introduced a new home search tool, NeighborVote, that reveals if a house is in a Republican or Democratic neighborhood.

Survey Results: A victory for Donald Trump would be more beneficial for investors holding stocks and Bitcoin, while a Harris presidency would bring relief to housing costs.

New Data: The Smith Enterprise Risk Consortium rolled out a pair of mortgage credit risk indexes to guide lenders on changes in the credit risk of GSE-eligible mortgages.

Sales Shift: Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years.

Company News: Unison Mortgage launched an equity-sharing home loan in Oregon and Florida; ClearValue Consulting partnered with Restb.ai to enhance appraisals.

Boo!: Here’s how real estate agents are handling haunted homes in a scary market.