Morning Roundup (4/24/2023) — Rate Lock Explosion

Good Morning! Today is Monday, April 24. Florida Gov. Ron DeSantis is in Japan to meet with Prime Minister Fumio Kishida ahead of his expected White House bid. The chief executive of NBCUniversal is stepping down after an investigation into inappropriate workplace conduct. A fire-breathing dragon prop at Disneyland actually caught on fire during a show.

The Mortgage Note Reports

Rate Lock Explosion: Home shoppers following the market closely jumped on retreating rates in March, giving the spring buying season a boost.

Starting Early: Gen Z is ahead of Millennials when it comes to homeownership, with 37% already owning a home or planning to purchase one within the next five years.

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…

“An Important Cushion”: The US housing market is about to bottom out, and that should enable a soft landing for the economy, according to Morgan Stanley.

Record High Vacancies: Office space available for lease in the U.S. is at a record high, and vacancies will likely rise even further.

What The Heck Is Happening?: Housing has long been a rather staid market, but a recent confluence of factors has made it a madhouse.

Foreclosures To Rise: The Federal government’s unique influence on housing means it’s far from a “proper market” already, and the FHFA’s new fees will make it worse.


Six Figures Not Enough: A family of three that earns $100,000 annually may still struggle to make ends meet in these 16 U.S. metros.