Morning Roundup (6/3/2024) — Buyer Mindset

Good Morning! Today is Monday, June 3. OPEC+ agreed to extend all production curbs into next year, suggesting oil prices will stay elevated. The Maldives will ban Israelis from entering the country because of the war in Gaza. Mexico elected its first female president, Claudia Sheinbaum.

The Mortgage Note Reports

Buyer Mindset: Americans are nervous about buying homes in a difficult housing market but still consider it an important life milestone.

Assumable Mortgages: Dark Matter Technologies jumped head-first into the assumable mortgage space with a new feature in its Empower LOS.

In other mortgage and housing news…

Mortgage Monitor: Annual home price gains continued to cool in April, the second consecutive month of pullbacks, as demand softens and inventory improves.

“Definitely A Disappointment”: Buyers are revolting against the high price, high rate environment, leading to a lackluster spring selling season.

Better Days Ahead: The nation’s top lenders are feeling upbeat after a difficult year, saying they expect business to be the same or better over the next six months.

Equifax Lawsuit: Two mortgage lenders filed a lawsuit this week accusing Equifax of maintaining a monopoly in the market for electronic VOIE.

Company News: Subservicer Dovenmuehle Mortgage promoted two team members.

Renting Forever: Many people plan to never stop renting — but building wealth without home equity requires a different mindset.