Morning Roundup (12/1/2023) — Year-End Incentives

Good Morning! Today is Friday, December 1. The House will vote today on whether to expel Representative George Santos. Israel resumed its bombardment of Gaza. Sandra Day O’Connor, the first female Supreme Court justice, died at 93.

The Mortgage Note Reports

Year-End Incentives: Rocket Pro TPO is kicking off its annual December to Remember event and the executive vice president says it will mean more for mortgage professionals this year than ever before. Editor Kimberley Haas has the story.

Rates Down Again: Mortgage rates slipped for a fifth consecutive week to 7.22%, signaling the possibility of more competition in a “market starved for inventory.”

FCM Exec: Jeff Pancer joined First Community Mortgage as EVP of Capital Markets.

In other mortgage and housing news…

Back To DC Offices: The White House is pushing to bring Cabinet staff back to the office as work-from-home disrupts local business downtown.

Gov’t Meddling: The Federal Reserve should let the mortgage market run its course and not intervene to bring rates down, Christopher Jacobs argues in The Federalist.

“New Math”: NYT’s The Daily podcast asks whether it’s time for Americans to change their thinking about renting or buying a home.

Company News: The Mortgage Collaborative added four industry pros to its 2024 Management Board of Directors; ProMortgage opened an office in Sonoma County.

Strike A Chord: The Wider Path Home Foundation will auction off a guitar signed by Taylor Swift to support homeownership in underserved communities.