Morning Roundup (3/13/25) – Testing The Water
| Good Morning! Today is Thursday, March 13. Space X postponed a mission that would return two NASA astronauts who have been in orbit since June. Senate Democrats will not support a Republican-written bill to fund the government through the fall. The EPA may rescind protections against air and water pollution. The Mortgage Note Reports Testing The Water: More Americans are stepping out for the early stages of home shopping as rates have cooled, but few are actually pulling the trigger. Tech Update: Vice Capital Markers has integrated Fannie Mae’s new Loan Pricing API into its trading portal. |
| Quote Of The Day “[Lower mortgage rates] haven’t yet led to more sales because prospective buyers are still figuring out whether lower payments are enough to justify a home purchase in today’s uncertain economy. Many Americans are concerned about things like job security and a potential recession.” Redfin Economic Research Lead Chen Zhao |
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In other mortgage and housing news… DOGE Cuts: The Trump administration is halting a $1B program that helps preserve affordable housing, threatening projects that keep units livable for low-income Americans. Big Dogs Barking: Wells Fargo is suing JPMorgan and Meyer Chetrit over a $481 million mortgage it alleges was inflated. PPI: The producer price index, a leading indicator for pipeline inflation pressures, was flat in February after jumping an upwardly revised 0.6% the month prior. Company News: Evergreen opened two offices in New Mexico; Persado launched a new AI solution for email marketing; ARDRI named Brent Houston its new COO. Check It Out: Take a look inside the world’s largest 3D-printed housing development. Get Lucky: WalletHub compared 200 of the largest cities across 15 key metrics to find the best cities for St. Patrick’s Day celebrations. |