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Bond yields fall after tariff news. Are mortgage rates next?

Liberation Day has finally arrived, and what a wild day it’s been! The bond market and stock futures rose when the initial discussions about the 10% tariffs hit the market. But the real game changer? Those anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currently trading at 4.13%. Since we believe in the close relationship between the 10-year yield and mortgage...

Mat Ishbia’s unfiltered thoughts on the Rocket-Mr. Cooper deal

What does UWM’s Mat Ishbia think about Rocket Companies‘ pending $9.4 billion deal for Mr. Cooper?“The truth is, it’s fantastic,” he said on a Wednesday morning sales call with broker partners. “Because sometimes if you think someone is someone, and you don’t really know, and then you see who they really are, it’s very clear.” Ishbia said he had “no ill will” toward Rocket and...

Trump’s ‘Liberation Day’ imposes dramatic global tariff regime

President Donald Trump followed through on months of threats to enact global “reciprocal” tariffs Wednesday afternoon by announcing an executive order that places a tariff on all foreign imports. Under Trump’s new tariff structure, there will be a baseline tariff of 10% on all imports, while many countries will receive individualized tariff rates that include the 10%.  A 25% tariff on all...

FOA promotes Jonathan Scarpati to chief production officer

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending. Scarpati has served at FOA since 2010 in various roles, and he is the first occupant of this new C-suite executive position. The role is designed...

Luxury Presence releases hub for off-market home sales

Luxury Presence has introduced Private Listings Hub, an invitation-only platform designed to help real estate agents promote off-market and pre-market listings with greater control and discretion. The platform allows agents to decide how and when to share listings, from limiting visibility to their brokerage to broadening exposure across the Luxury Presence network. The tool matches listings against...

New to market: An $8.8M Hollywood home rumored to have hosted Charlie Chaplin’s first wedding

A storied Hollywood home with a killer location, refined interiors, and major star power has recently landed on the market in Los Angeles. Located at the base of Runyon Canyon, the 7,200-square-foot home is being brought to market by Million Dollar Listing Los Angeles power broker Tracy Tutor (with Compass), asking $8,800,000. Included in the price: bragging rights to owning a piece of Old Hollywood...

Baby Boomers Biggest Cohort of U.S. Home Buyers in 2025 as Millennials Decline

In a notable shift in the housing market, baby boomers have surpassed millennials as the largest generational group of home buyers, according to the National Association of Realtors (NAR). NAR's 2025 Home Buyers and Sellers Generational Trends report reveals that younger boomers (ages 60-69) and older boomers (ages 70-78) together accounted for 42% of all home buyers in the past year. Meanwhile, the share...

Mutual of Omaha launches proprietary reverse mortgage product

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage, announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million. This is...

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