Morning Roundup (3/28/25) – 2025 Predictions

ByTMN Editor Reading Time: 2 minutes
Good Morning! Today is Friday, March 28. Secretary of State Marco Rubio said the State Department has revoked 300 or more student visas. A strong earthquake struck central Myanmar, killing at least 13 people. Archaeologists have unearthed the tomb of an unknown pharaoh in Egypt.

The Mortgage Note Reports

2025 Predictions: Pending home sales rose on the month in February as rates stabilized, but the data suggests a rough year for the housing market could be ahead.

Rates Down: ‘Mortgage rates stayed in the mid-6% range this week, moving down slightly after inching up for two consecutive weeks.
Quote Of The Day

“The 30-year fixed-rate mortgage ticked down by two basis points this week. Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications.”

Sam Khater, Freddie Mac Chief Economist
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In other mortgage and housing news…

“Strange Twist”: The CFPB wants to return a $105,000 penalty it collected from Townsend Financial last fall when it resolved a discrimination lawsuit.

PCE: Core personal spending was up 0.4% in February, putting the 12-month inflation rate at 2.8%, higher than expected.

Demand Up: Bank of America saw an 80% jump in mortgage applications between January and March thanks to rising inventory and lower long-term bond yields.

Affordability Flat: Homebuyer affordability remained flat in February, with the national median payment applied for by purchase applicants remaining unchanged at $2,205.

Stretch Your Budget: In Q1 2025, housing costs ate up 30% or more of Americans’ paychecks in nearly every county in the nation.

Play Ball: loanDepot brought back its fan-favorite “Ballpark Bingo: A Celebration of Firsts” campaign for the 2025 MLB season.

Home Innovations: Builders are turning to innovative ways to churn out more housing, from 3D printing to assembling homes in an indoor factory to using hemp to make walls.