Morning Roundup (4/10/25) – Long-Term Demand Looks Bleak
| Good Morning! Today is Thursday, April 10. The Democratic National Committee announced a new set of town halls taking place this month. President Trump reversed some tariffs after they caused a market meltdown. There’s now a LeBron James Ken doll. The Mortgage Note Reports Pressure Points: Homebuyers jumped at cooling borrowing costs at the beginning of the month, but long-term demand is looking bleak. Leadership News: Juan Cepeda has been appointed Chief Operating Officer at Panorama Mortgage Group. |
| Quote Of The Day“ If China wanted to hit us hard, they could unload Treasuries. Is that a threat? Sure it is. They’re going to look at pushing levers and trying to put pressure… Targeting housing and mortgage rates is a powerful driver of something like that.” Guy Cecala, executive chair of Inside Mortgage Finance |
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In other mortgage and housing news… Recession “Inevitable”: Even as Trump delays some tariffs, the fate of the spring market remains in flux as housing economists assess the “whiplash.” Pave The Way: America’s largest Black-owned bank is joining forces with Esusu to revolutionize the path to homeownership by reporting on-time rent payments. Second Chance: Asheville, NC, has submitted a new action plan for disaster relief funds to HUD after the first was rejected for “DEI criteria.” Inflation Cooldown: The Consumer Price Index in March rose 2.4% YOY, less than expected, showing progress in the Fed’s battle to bring down inflation to a 2% rate. Industry Tragedy: Kevin DeLory, chief lending officer TPO at Equity Prime Mortgage, died of cancer at 53. The Winner Is: The MBA gave the annual Burton C. Wood Legislative Service Award to Rebecca “Becky” Sandiland, Senior Loan Advisor at Belay Bank Mortgage. |