Morning Roundup (4/11/25) – Winning Strategies
| Good Morning! Today is Friday, April 11. The House passed a Trump-backed budget bill despite opposition from both Democrats and Republicans. China raised tariffs on U.S. goods to 125%. The Supreme Court said the U.S. must work to bring back a man wrongly deported to El Salvador. The Mortgage Note Reports Winning Strategies: What’s the best way to market a home in 2025? Writer Nicole Murray has tips from industry professionals. Still Moving Down: Mortgage rates ticked down again, averaging under 7% for the twelfth consecutive week. Hard Times: The first quarter brought a flood of foreclosure activity and bank repossessions as increasing economic pressures strain homeowners. |
| Quote Of The Day “The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week. As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year.” Sam Khater, Freddie Mac’s Chief Economist. |
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In other mortgage and housing news… March Inflation: Producer prices came in better than expected, slowing sharply to an annual rate of 2.7% from 3.2% and down 0.4% on the month. Tech Update: Theoris Software has launched a new AI platform it says will change how mortgage companies handle operations. New Look: Visio, a leader in investor-focused loans, launched a redesigned website built to better serve real estate investors and brokers. Company News: Kim Schenck joined Click n’ Close’s Correspondent Lending Sales team as Correspondent Manager; MBA promoted Brendan Kelleher to fill the role of Associate Vice President of Government Housing Finance. Shots Fired: Zillow banned any listing placed on a private platform, a direct repudiation of several big brokerages and a new NAR policy. Buy vs. Rent: Homeowners need to earn $50,000 more than renters to afford monthly payments, and the gap is widening. |