Latest ADP Report & What It Means for Mortgage Rates Amid the Shutdown
30 Second Market Update
October 06, 2025
In September, the ADP National Employment Report showed a decline of 32,000 private-sector jobs — the largest drop in about 2½ years — defying expectations of gains. With the government [...]
Summer 2025 Was the Strongest Buyer’s Market in 10 Years
30 Second Market Update
September 29, 2025
In August, the U.S. housing market reached one of its strongest buyer’s markets on record, with 35.2% more sellers than buyers (about 505,000 more). According to the Mortgage Baker’s Association, [...]
Mortgage Rates Volatile following the September 17th Fed Meeting
30 Second Market Update
September 22, 2025
Last week the Federal Reserve cut its Fed Fund Rate by 25 basis points. The Fed Funds Rate is not directly tied to mortgage rates. Instead, markets react more to [...]
Mortgage Demand Jumps as Rates Drop
30 Second Market Update
September 15, 2025
Mortgage applications surged in the first week of September as interest rates dropped to their lowest level since October 2024. Total application volume rose 9.2% from the prior week, according [...]
Fed’s Waller Supports Interest Rate Cuts This September
30 Second Market Update
September 08, 2025
Federal Reserve Governor Christopher Waller, seen as a potential successor to Jerome Powell as Fed chair in 2026, said he supports beginning interest rate cuts at the Fed’s September 16–17 [...]
Fed Chair Jerome Powell Leaning Toward Interest Rate Cut at September Meeting
30 Second Market Update
September 01, 2025
Federal Reserve Chair Jerome Powell signaled the central bank is leaning toward cutting interest rates at its September 17th meeting, citing growing risks from a weakening labor market and persistent [...]
July New Home Purchase Mortgage Applications Increased 6.8 Percent
30 Second Market Update
August 25, 2025
In July 2025, the Mortgage Bankers Association’s Builder Application Survey (BAS) revealed a 6.8% year-over-year increase in mortgage applications for new home purchases, along with a 7% rise compared to [...]
Mortgage Lending Hits Highest Volume Since 2022
30 Second Market Update
August 18, 2025
ICE Mortgage Technology reports that Q2 saw the strongest mortgage origination volume in nearly three years, driven by both purchases and cash-out refinances. Tappable equity hit a record $11.6 trillion, [...]
Home Pricing Cools but Forecasted to Push Higher
30 Second Market Update
August 11, 2025
Cotality, who analyzes housing market activity, reported that home prices went up just 0.1% in June, which is lower than expected and the weakest June increase since 2008. They predict [...]
Home Price Acceleration Continues
30 Second Market Update
August 04, 2025
In May, the Case-Shiller Home Price Index, which is the best gauge of inflation, showed home prices dipped 0.3% after seasonal adjustments, and while this may capture some headlines, the [...]
Home Sales Dip in June, But Median Home Prices Hit Record Highs
30 Second Market Update
July 28, 2025
Existing home sales fell 2.7% in June 2025, according to the National Association of REALTORS®. Sales dropped month-over-month in the Northeast, Midwest, and South, but rose slightly in the West. [...]
No Tax On Home Sales Act Bill Introduced to Congress
30 Second Market Update
July 21, 2025
Representative Marjorie Taylor Greene has introduced the No Tax on Home Sales Act, a bill aiming to eliminate the federal capital gains tax on the sale of primary residences. She [...]
