Cotality’s “From House to Home” report included a survey of 1,000 recent and prospective U.S. homebuyers. It explored the dichotomy between markets relying on speed and buyers relying on timing. Ultimately, it found that homebuyers care more about timing and confidence as 43% felt speed was critical when finding a home, while 41% said the
I discussed the jobs report in detail in this article and on this episode of the HousingWire Daily podcast. Given today’s drop, let’s discuss what we should focus on for the rest of the year. Where does this drop fit in the forecast? In my 2025 forecast, I anticipated the following ranges: Mortgage rates between
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% The 10-year yield has fluctuated between approximately 4.79% and 3.87% this year, considering overnight trading within that range. Meanwhile, mortgage rates have varied from 7.25% to 6.50%.
Two Fed officials, Christopher J. Waller and Michelle Bowman, dissented. Waller supported a 25 basis-point cut due to minimal tariff effects and increased labor market risks. Bowman advocates for a gradual shift to a neutral policy stance, citing slowing economic growth and a less dynamic labor market. A growing number of market participants — 88%
Under the proposal, the GSEs must include digital assets recorded on a cryptographically secured distributed ledger when assessing risk for single-family mortgages. They would be prohibited from requiring borrowers to convert these assets into U.S. dollars. In a statement to justify the bill, Lummis said that homeownership is not a reality for many young Americans.
Rates have shown less volatility since April, coinciding with President Donald Trump’s global tariff policies. The 30-year conforming rate has barely deviated from a narrow band between 6.8% and 7% since mid-April, according to HousingWire’s data. The market has also had stability due to a consistent policy stance by the Federal Reserve, which has held
The ROAD to Housing Act is now headed to the Senate floor for consideration. It has garnered support from key housing, real estate and mortgage trade groups, though several are pushing for changes to specific provisions. “This bill is a welcome step in the right direction,” said Isaac Boltansky, head of public policy at Pennymac,
California’s state-run mortgage relief program, announced in January by Gov. Gavin Newsom, had more than 400 financial institutions voluntarily sign up, agreeing they would not charge late fees, would not report late payments to credit agencies and would not demand “balloon payments,” which require borrowers to pay back their entire balance right at the end
Mortgage spreads In 2023, when mortgage rates reached 8%, the year was hampered by mortgage spreads hitting new cycle highs. Initially, mortgage spreads showed signs of improvement early in the year. However, the Silicon Valley banking crisis caused a spike in spreads and the situation remained challenging throughout the year. In 2024, the spreads began
“It’s just stunning,” McDonald told CalMatters. “I’ve been working for insurance companies for more than 20 years. I’ve never had a check bounce to a claimant in 25 years of practice.” On July 10, the check finally cleared. A bank manager reportedly told McDonald the hold was due to uncertainty over whether the funds would