Morning Roundup (3/15/2024) — Coastal Homes At Risk

Good Morning! Today is Friday, March 15. The federal judge overseeing Trump’s classified documents trial rejected an effort to dismiss the case. Kamala Harris visited a Planned Parenthood clinic in Minnesota. SpaceX’s Starship broke down when re-entering Earth’s atmosphere.

The Mortgage Note Reports

“No Day At The Beach”: Coastal homes are at risk from severe flood damage due to sea level rise and changing storm patterns. Reporter Chuck Green has the story.

Rates Move Down: Buyers lucked out last week as rates continued to decline, hitting 6.74% and cooling the cost of purchasing a home.

New Savings: Digital tool provider Floify introduced a sidekick to its popular platform that includes a flexible per-loan pricing option.

In other mortgage and housing news…


Highest In Months: New listings jumped 3.8% in February to the highest level since September 2022 but haven’t rebounded enough to curb price growth.

Rising Share: The level of commercial and multifamily mortgage debt outstanding in Q4 2023 increased but at one of the slowest paces since the mid-2010s.

Producer Prices: Wholesale inflation jumped 0.6% month-over-month in February, double the Dow Jones estimate.

NAR’s Competition: The American Real Estate Association, conceived in January as a potential alternative to NAR, held a virtual “listening tour” as its first event.

Company News: FirstClose’s equity settlement services ordering module is available in Encompass; Planet Home Lending unveiled Purchase EDGE and Cash 4 Homes.