Morning Roundup (7/5/2022) – Could Rate Cuts Come This Year?

Good Morning! Today is Tuesday, July 5. A gunman killed six people from a rooftop at a Fourth of July parade in a Chicago suburb. The W.N.B.A. star Brittney Griner wrote to Biden to ask for help in being freed from prison in Russia. The 30 NATO allies have signed off on the protocols needed for Sweden and Finland to become members.

The Mortgage Note Reports

Rate Speculation: Though most analysts believe rate hikes will continue through the end of next year, some are saying that a resurgence of “stagflation” will bring rate cuts sooner rather than later.

Aziz Joins Roostify: Nadia Aziz has been named Chief Operating Officer of mortgage and home equity lending tech provider Roostify.

And in other mortgage and housing news…

Learning From The Past: The legacy of ’08-’09 has created opportunities for the modern real estate investor, especially in private markets.

Construction Spending: Construction spending fell month-over-month for the first time since September 2021, though overall residential construction spending rose.

Policy Ideas: Kriston Capps argues that the White House may need a zoning czar, a permanent office devoted to overcoming exclusionary zoning.

Climate Impact: RE/MAX Canada released a series of reports asking “what if” to scenarios related to economic policy decisions, climate change, and the future of work.

CA Fraud: Anaheim’s former Chamber of Commerce CEO pleaded guilty to multiple counts of fraud including making false claims to a bank to obtain a mortgage.

OrangeGrid Updates: OrangeGrid has hired and promoted several new members to its team to support the rising demand for automated mortgage servicing software.

Take A Look: Former all-Star catcher Buster Posey’s 106-acre hunting and fishing estate in Oroville, CA is up for sale at $3.9 million.