Morning Roundup (4/7/25) – One-On-One
| Good Morning! Today is Monday, April 7. Benjamin Netanyahu is in Washington today to meet with President Trump. A second child died of measles in West Texas, where an outbreak of the disease has infected hundreds. The deadly storm that impacted the South and Midwest is headed toward the Atlantic. The Mortgage Note Reports One-On-One: The president and owner of New Threshold Mortgage Corporation in Atlanta says she gets personal gratification when she sees clients achieve the “American Dream.” Listen to Scott Kimbler’s conversation with Elizabeth Washburn. Price Adjustment: Home price appreciation cooled in March, a good sign for buyers moving into spring and summer, while condo prices fell for the first time in a decade. C-Suite Moves: Michigan-based Acrisure appointed Mark Wassersug as Chief Technology Officer and Shawn Pelsinger as Chief Administrative Officer. |
| Quote Of The Day “[T]he little publicized story this week, everyone wants to look at the stock market going down. You know what else went down? Oil prices went down almost 15% in two days which impacts working Americans much more than the stock market does. Interest rates hit their low for the year. So I’m expecting the mortgage applications to pick up.” Treasury Secretary Scott Bessent, Meet The Press |
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In other mortgage and housing news… Watch Out: FT’s Patrick Jenkins argues that lenders are “addicted to big government” and secured loans that Trump’s tariffs could throw into turmoil. Protecting Vets: MBA President and CEO Bob Broeksmit opposed the VA’s plan to phase out its Veterans Affairs Servicing Purchase program. Fall Out: Cuts to federal affordable housing initiatives mean seniors in subsidized communities can’t get desperately needed upgrades like AC. What To Expect: Experts discuss homebuyers’ hesitation amid economic uncertainty as we enter the spring homebuying season. Draw A Crowd: To lure buyers, homebuilders are offering incentives like rate buydowns, closing cost credits, and money toward upgrades. |