Morning Roundup (3/17/25) – Federal Reserve Meeting
| Good Morning! Today is Monday, March 17. Happy St. Patrick’s Day. The Vatican released a photo of Pope Francis in a private chapel of Rome’s Gemelli Hospital, where he continues to receive treatment. The Trump administration transferred hundreds of immigrants to El Salvador despite a judge’s ruling to halt deportations. A large storm system has killed at least 40 people across seven states. The Mortgage Note Reports Federal Reserve Meeting: With so many changes taking place under President Donald Trump, how will the FOMC react this week? Writer Patrick Lavery has the story. Perfect Conditions?: As mortgage rates keep falling, cooling home values and rising inventory could entice buyers back to the market in time for the spring buying season. Homebuying Breakdown: White Americans still dominate America’s homebuying landscape despite gains among Black buyers. |
| Quote Of The Day “Rate dips tend to energize buyers and sellers both; if they continue or hold, we should see more activity. Economic uncertainty is a counterbalance, one that will be felt in some areas of the country more than others. People tend to shelter in place when the future of their job or industry is uncertain.” Skylar Olsen, Zillow chief economist |
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In other mortgage and housing news… Inflation Measure: Retail sales increased 0.2% in February, better than January’s 1.2% decline but below the Dow Jones estimate for a 0.6% rise. “Punch In The Gut”: Fair-housing nonprofits across the country that are key enforcers of anti-discrimination laws are struggling to stay open thanks to HUD funding cuts. Fannie’s “Blacklist”: Some condo owners can’t sell their properties because of a fast-growing and mostly secret mortgage blacklist. Company News: Xactus launched its open API portal, allowing partners to easily access integration rules. Production Pain: IMBS reported a pre-tax net loss of $40 on each loan they originated in Q4 2024, down from profits of $701 in Q3. Back To Life: Major cities are growing and reversing the pandemic exodus trend. |