Morning Roundup (11/15/2024) – Mortgage-Free Living

Good Morning! Today is Friday, November 15. Donald Trump picked Robert F. Kennedy Jr. to lead the Department of Health. He picked his defense lawyer, Todd Blanche, to be the Justice Department’s No. 2 official. Elon Musk met with Iran’s ambassador to the U.N.

The Mortgage Note Reports

Mortgage-Free Living: A growing percentage of American homeowners have no mortgage on their property. Writer Erin Flynn Jay has the story.

Rates Don’t Budge: Mortgage rates stalled in the days following Trump’s re-election and another rate cut from the FOMC.

Leadership Shakeup: Zillow’s president, Susan Daimler, is leaving the company, and Jun Choo has been promoted to COO.

In other mortgage and housing news…

Buyers Get Active: Home sales were “unseasonably strong” in October, RE/MAX reported, up 6.7% over September and 8.4% higher YOY.

Company News: Mortgage pro Julie Bowering has joined A+ Federal Credit Union as Senior Vice President of Lending.

Fraud Alert: Fannie Mae says it experienced financial losses due to mortgage fraud and is investigating multifamily transactions where it suspects fraud may have occurred.

Actual Impact: Trump believes that his mass deportation plans will positively impact the housing market and lower home prices. But how true is this statement?

Life Of Luxury: A travel adviser and her husband bought a residence on a luxury cruise ship, complete with meals, housekeeping, and spa services.