Mortgage Market Pulse | February 3, 2025
?? Quote of the Week:
"I don't make too much of any one month, but I've been saying that I felt like we are on path to 2%. I have comfort, not overconfidence, but I have comfort that we're on that path."
- Austan Goolsbee , Chicago Fed President
?? Rates Hold Steady Despite Economic Shifts
The mortgage market demonstrated remarkable stability this past week, with rates hovering near their best levels since December 20th. While headlines about new tariffs and Fed decisions created some volatility, the overall impact on rates remained minimal.
Pro Tip: Use Zeitro's Pricing Engine to stay ahead of rate movements and provide real-time quotes to your clients. This helps you offer competitive pricing across Conventional, Non-QM, and Private Lending programs instantly.
?? Looking Ahead: Market Forecast
Fannie Mae projects mortgage rates to close 2025 at 6.5%, with home price appreciation decelerating to 3.5% in 2025. This environment creates opportunities for well-prepared mortgage professionals who can efficiently serve their clients.
Pro Tip: Use GuidelineGPT to quickly answer client questions about their loan options. Position yourself as a trusted expert by providing instant, accurate information for complex borrower scenarios.
??? Housing Market Update: Pending Sales Take a Breather
After four consecutive months of gains, pending home sales declined 5.5% in December. However, this step back follows significant momentum in the latter half of 2024, suggesting the market remains resilient despite challenges.
Regional Breakdown:
Pro Tip: Leverage Zeitro's AI Document Processing to streamline your pipeline and reduce processing times by up to 20%. This efficiency is crucial during fluctuating market conditions.
?? Professional Growth Corner: Adapting to Market Changes
The latest data suggests we're entering a period where adaptability and efficiency are crucial. Consider these action items:
Pro Tip: Take advantage of Zeitro's integrated tools to achieve 90%+ application completion rates and streamline loan processing times by 20% or more.
Sustained success in the mortgage industry is the byproduct of combining innovative technology with deep market knowledge to serve your clients as a true professional. Tune in to next week's newsletter for more market updates and actionable insights to continue accelerating your business!
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Are Your Rates Competitive?
Mortgage | February 3, 2025
Fed interest-rate cuts might not come anytime soon, two top officials say
Boston Fed's Collins sees 'no urgency' to move
Two senior Federal Reserve officials said Monday that they are in no rush to cut interest rates further given the uncertainty surrounding the U.S. economic outlook and the White House's new policies, including tariffs.
"In my view ... it's really appropriate for policy to be..."
Mortgage | February 3, 2025
2024 Saw Softest Home Price Growth of Any Year Since 2011; Mortgage Delinquencies Gradually Trending Higher
Home prices ended the year on an up note but 2024 was the softest year for home price growth in more than a decade. This month’s Mortgage Monitor analyzes the latest trends shaping the housing market heading into 2025, including a deep dive into the local and broader impacts of the California wildfires, which hit while homeowners...
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