Morning Roundup (3/26/25) – Winning This Spring
| Good Morning! Today is Wednesday, March 26. Ukraine and Russia agreed to halt fighting in the Black Sea. President Trump signed an executive order to overhaul U.S. elections. A federal judge ordered the administration to stop attempts to deport a Columbia student. The Mortgage Note Reports Winning This Spring: Are you a real estate professional overwhelmed by all of the marketing options available? Writer Nicole Murray has tips from industry members who are having success in-person and online. Ups And Downs: Mortgage applications continued to sink last week despite relatively strong purchase demand as rates stagnated and refis dried up. Kind Leaders: Kind Lending promoted COO Tammy Richards to President of Retail. |
| Quote Of The Day “Markets remained focused on potential trade policy changes, while the Fed held the funds rate its current level, resulting in the 30-year fixed rate averaging 6.71% last week.” Joel Kan, MBA’s Vice President and Deputy Chief Economist |
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In other mortgage and housing news… FHFA Shakeup: Bill Pulte ordered to end to special purpose credit programs intended to support first-time buyers by providing down payment and closing-cost assistance… No Change To Limits …but he confirmed that Fannie and Freddie’s loan limits won’t be slashed, remaining at $806,500. Trigger Action: Idaho’s Governor signed a mortgage trigger lead bill into law designed to protect consumers from unsolicited offers. Company News: ARDR, a new non-QM lender, named Steve Nadon as president; BSI Financial launched a subservicing solution. Missing Out: Sellers who didn’t list on the MLS lost more than $1 billion collectively over the past two years, with communities of color seeing the most harm. Extra Space: Life events continue to drive the U.S. self storage market, with moving, housing affordability, and economic shifts fueling sustained demand. |