- Kreg & Nick - Weekly Mortgage Update
- Archive
- Page -6
Archive
Could China Tank the Housing Market?
We’ve seen a lot in 16 years—but this past week? Next-level chaos. Mortgage rates shot up with zero warning, and no one fully agrees why. Tariffs, foreign selloffs, and hedge fund drama all played a part. Here’s what happened—and why this could shake up housing. 👇
Wait, What’s a Tariff? Let’s Break It Down 👇
Tariffs enveloped the news last week bringing uncertainty to markets, investors went full risk-off but interest rates have pulled back. Rocket + Mr. Cooper is BIG but here's how to stay relevant. The March jobs report was better than expected, which is a win!
FHA Shuts the Door on Non-Citizen Borrowers 🚫
Last week, HUD announced they would prioritize US citizens and disallow non-permanent residents from attaining FHA loans. There are other options, but for how long? State-backed down payment assistance loans are still here to stay. Many talking heads are propagating a chart showing increased delinquencies, but is it as bad as it sounds?
Can Federal Land be Home Sweet Home?
The solution to affordable housing could come from the federal government developing on a portion of their 650 million owned acres across the US. A recent survey suggests buyers are taking on more risks than ever before. Existing home sales surprised forecasters.
Inflation Is Falling—So Why Aren’t Mortgage Rates Dropping?
Inflation is falling but why aren't rates dropping? Rocket + Redfin just joined forces, but you CAN remain relevant with a personal touch that AI can't generate. Let's talk about a real example of how student loans are hurting pre-approvals. It's also Fed week. Buckle up!
DOGE Bites the US Labor Market 🐶
Latest jobs report misses the mark and unemployment rose. Student loans are reporting again after a 5 year hiatus and immediately impacting credit scores. GDP is forecasted to miss in Q1 of 2025. Grant money for first time buyers is abruptly halted. Intel delays continue.
Stay Alert 🚨 - Attorney Who Fought NAR may be Coming After 🫵
Mortgage rates are dropping leading into the spring selling season, which is an unusual blessing. The attorney that was a thorn in NAR's side is back at it again, and you won't like who he's targeting. Sign up for our March Madness gathering later this month.
Companies Are Pulling the Plug on WFH—What’s Next? 🔥
Rates pulled back towards the back half of last week due to softer economic data. Work-from-home is fading, bringing big changes to the housing market. Sign up for a webinar on how to host a downsizing event. Lastly, here's a good way to get a response to that buyer that ghosted you.
Mortgage Rates: Hot Mess Express 🚂🔥
Charts for average mortgage rates looked like a bowl of spaghetti last week. Highs and lows, ups and downs. Where did we end after a SUPER volatile week? Why was the market so indecisive? Additionally, Rebel 2025 is in our rearview mirror and we are ecstatic about the results.
Tariff War Begins - Get Ready for Fireworks 🧨🧨🧨
Inflationary pressures in the near future have the mortgage market spooked. Additionally, Powell stiff arms expectations of further rate drops after verbal pressure from President Trump. 2025 is looking topsy-turvy with loads of uncertainty. Finally, can you guess the speaker for Rebel 2025 ✨✨✨
Worst Housing Market Since 1995 🏠📉
It's not as bad as it sounds. Additionally, President Trump made waves this week post-inauguration calling out Jerome Powell and demanding interest rates pull back. Can he actually do that? Ohio is still super affordable relative to other states and our big keynote announcement is Wednesday.