Morning Roundup (3/14/25) – Bill Pulte Voted FHFA Director
| Good Morning! Today is Friday, March 14. The U.S. Senate is trying to avert a partial government shutdown by the deadline of midnight tonight. A federal judge said the government must rehire thousands of workers across six agencies. Trump threatened to impose a 200% tariff on alcohol from Europe. The Mortgage Note Reports Hitting The Brakes: After weeks of declines, mortgage rates stopped in their tracks, inching up just barely to 6.65%. FHFA Leader: The Senate voted to name Bill Pulte the new head of the Federal Housing Finance Agency in a 56-43 vote. |
| Quote Of The Day “Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded… The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical spring homebuying season.” Sam Khater, Freddie Mac Chief Economist |
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In other mortgage and housing news… For Sale Trouble?: Inventory gains around Washington D.C. in January and February exacerbated fears that federal layoffs will upend the region’s housing market. Sound The Alarm: Organizations that enforce the federal Fair Housing Act are suing DOGE, saying they are struggling to operate with the elimination of annual grants. Gains In The Heartland: The Midwest is home to three of the five metro areas where home prices are rising fastest. Now Hiring: Mortgage startup Tomo is on a hiring spree in Detroit. Its CEO talks moving headquarters from the East Coast and the industry’s transition to Motor City. Buy To Rent: Conditions for new investors buying single-family rentals are challenging. ATTOM ranked the best counties to start a new venture. |