Morning Roundup (4/3/25) – Spring Market Expectations
| Good Morning! Today is Thursday, April 3. A judge dismissed the corruption case against New York City’s mayor. The Supreme Court upheld an F.D.A. order that prohibited retailers from marketing flavored vapes. Amazon made a bid to acquire TikTok, which has until Saturday to find a new owner. The Mortgage Note Reports “Crunch Time”: It’s the first weekend in April, and in many parts of the country, real estate and mortgage professionals are celebrating the beginning of the spring homebuying season. Chuck Green talked to industry experts about what to expect. Tariff Trouble: Donald Trump’s sweeping “Liberation Day” tariffs are sending shockwaves through Wall Street as analysts balk at their implications. New Ways To Earn: One Real Mortgage launched a compensation and stock awards program for loan officers. |
| Quote Of The Day “Homebuyers are already stretched thin by high listing prices and mortgage rates, so even this relatively small increase in cost will keep many of them on the sideline who may have otherwise become buyers in 2025.“ Realtor.com Senior Economist Joel Berner on “Liberation Day” Tariffs |
| Do you like receiving this newsletter? Forward it to a friend so they can sign up! |
In other mortgage and housing news… HUD’s Experiment: Democrats warned HUD against incorporating cryptocurrency into its work, saying it’s “dangerous, speculative, and harmful to working families.” Costs Keep Rising: The typical monthly payment hit another all-time high as sales prices and mortgage rates face upward pressure. Company News: Finance of America Reverse promoted Jonathan Scarpati to Chief Production Officer; Mesa partnered with Lowe’s to expand their rewards programs. “Demystify The Process”: Fifth Third Bank announced a free series of educational summits that break down barriers to homeownership. Build The Dream: First Colony Mortgage is partnering with clean energy provider Torus to build 650 sustainable homes in Utah. |