Real Estate News 04/09/2025

Today’s News Synopsis:

In The News:

Bloomberg – “US Mortgage Rates Drop to Lowest Since October, Spurring Demand“ (04-09-25)

“The 30-year mortgage rate dropped to 6.61% as of April 4, with declines also seen in jumbo and 15-year loans“

Yahoo Finance – “Trump Says No Pause on Tariffs, But Open to Negotiations” (04-08-2025)

“President Donald Trump said he wasn’t considering a pause on his plan to implement sweeping additional tariffs on dozens of countries despite outreach from trading partners eager to avoid the levies, while still signaling he could be open to some negotiations.”

CNBC News –  “Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates” (04-09-25)

“Mortgage refinance demand surged 35% in one week, as the precious few who could benefit rushed to their lenders.”

Redfin – “1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment: Redfin Survey” (04-08-25)

“Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey. With stock values dropping, would-be homebuyers may back off as their bank accounts shrink and their confidence in the economy is shaken. ”

NAHB –  “Good and Bad News on Lumber Production and Tariffs” (04-08-25)

“Recent developments on the lumber front indicate that increased logging from federal lands and higher tariffs are in the offing later this year.”