Morning Roundup (6/25/2024) — Another Broken Record

Good Morning! Today is Tuesday, June 25. WikiLeaks founder Julian Assange left prison in Britain after agreeing to plead guilty to a single felony count. The U.S. surgeon general declared gun violence a public health crisis. China became the first country to retrieve rocks from the far side of the moon.

The Mortgage Note Reports

Another Record Broken: Home prices soared to new highs in April, once again breaking the month prior’s record, despite cool-downs in many metros.

Change Of Leadership: Non-bank originator Change Lending named Madison Simm as its Chief Financial Officer.

In other mortgage and housing news…

Crystal Ball: Bank of America is betting that price appreciation will continue through 2026 and rate lock-in for at least another six years.

Across The Aisle: Both Republicans and Democrats are eager for Congress to act to improve housing affordability, naming it one of the biggest challenges facing America.

Data For Lenders: Optimal Blue released Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively.

Company News: Guaranteed Rate is changing its name to Rate; Invesco Mortgage Capital named a new board member; Instabase is partnering with Rocket Mortgage.

Other Ways To Pay: Home prices, property taxes, and insurance costs mean that states without income tax may be less affordable than you think.

Zoom In: Less than 3% of households can afford a mortgage in this California city.