Morning Roundup (3/21/2024) — FOMC Projections

Good Morning! Today is Thursday, March 21. Apple is being sued by the Department of Justice and 17 states that argue the company has monopoly power. Trump said he would support a nationwide abortion ban after 15 weeks of pregnancy. The E.P.A.’s new tailpipe pollution limits are aimed at making most new cars electric or hybrid by 2032.


The Mortgage Note Reports

Changes Coming: Federal Reserve Chair Jerome Powell shared their projections for the federal funds rate after meeting this week. Editor Kimberley Haas has the story.

Debt-Burdened States: Homeowners in Maryland, Hawaii, and Nevada added the most mortgage debt between Q3 and Q4 2023.

PHL Hire: Matt Kingsborough joined Planet Home Lending as Regional Sales Manager.

In other mortgage and housing news…


Last One Standing: Home sellers asked for a final judgment of more than $4.7B against HomeServices, the sole defendant left in the Sitzer case.

“It’s Almost Here”:’s best week of the year to sell — April 14-20 — is just around the corner and the company says sellers should start prepping now.

Profits Shrink: Home flipping saw its largest drop since 2008 last year as investment returns on flips sank.

Company News: ICE launched a Mortgage Insurance Center for Encompass; Axia Home Loans named Dan Shanahan President of Retail Sales.

“It Took Forever”: This couple got a 2.5% rate through an assumable mortgage, but it wasn’t quick or easy. Check out their story.

In With The New: New Zillow research finds outdoor TVs, showers, and kitchens, plus other TikTok trends, can help homes sell for as much as 3.1% more than expected.