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U.S. housing inventory growth slowed to 9.99{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} year-over-year last week as mortgage rates near 6{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} and price cuts reach 34.7{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1}.
December jobs growth slowed to 50,000, keeping mortgage rates near 6{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} with steady and Trump’s MBS move supporting better spreads.
Compass closed its acquisition of Anywhere Friday, with the Wall Street Journal and Bloomberg reporting that DOJ leaders blocked a deeper antitrust review.
The proposal has sparked debate over the role of Wall Street-backed landlords — and whether restricting them would meaningfully lower prices.
Musk’s perspective stands in contrast to ongoing economic realities for many Americans, especially older adults preparing for retirement.
A modest mortgage rate drop may boost refinancing by 15{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} to 25{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1}, but lenders caution that activity depends on rates staying low.
Housing starts fell 7.8{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} year-over-year in October, led by steep declines in the Sunbelt and Mountain West regions.
Mortgage rates fell below 6{135c8f311701393be4788223b0f78b10290f406568612e435446caf79db4b9c1} Friday as spreads tightened, aided by Trump’s MBS directive and steady 10-year yields.
Home affordability in the U.S. remains below historic norms amid new measures proposed by President Trump to address the crisis.
Trump’s $200 billion GSE directive narrows mortgage spreads, with analysts projecting up to 30 bps in tightening.