Morning Roundup (4/17/2023) — Putting Pets First

Good Morning! Today is Monday, April 17. Three attackers in India killed a former politician and criminal in front of police officers on live TV. SpaceX is expected to launch its rocket Starship today. A shooting at a 16th birthday party in Alabama left four people dead and 28 others wounded.

The Mortgage Note Reports

Putting Pets First: Zoomers are focusing more on their pets’ comfort than their romantic partners or future families when choosing a home.

Renovation Mindset: Inflation is forcing homeowners to put renovations on the back burner, but most would still rather renovate than move.

Market Insights: Cory Ure at SecurityNational Mortgage Company in Salt Lake City sat down with Editor Kimberley Haas to talk about lending opportunities in his area.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

What are you seeing this spring homebuying season? We want to know. Email us at [email protected].

In other mortgage and housing news…

Builder Confidence: Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market.

Skewed Understanding: Potential homebuyers believe that “historically normal rates” are near 5%, and many say they will not accept a 30-year fixed mortgage rate over 5.5%.

Court Deals A Blow: The Supreme Court ruled it acceptable to sue the FTC and SEC in federal court over certain issues, such as the use of in-house judges to handle cases.

Another Single-Day Turnaround: Proper Rate, a joint venture by Guaranteed Rate and @properties, launched Same Day Mortgage.

Waiting It Out: More than half of seller-buyers who are planning to sell in the next 12 months said they are delaying until rates come down.

The 1% Question: Skeptics of UWM’s 1% down payment loan say it isn’t that great, with restrictions that severely limit the number of qualified borrowers.

Trump Properties Weak: Trump’s real estate brand hasn’t benefited from the housing boom, seeing price appreciation lower than both the luxury and overall housing markets.