Matt Sexton

Blanchester

Writer and Analyst at Freelance

Banking Writer at Fit Small Business

ESPN+ PxP @nkunorse WSOC MSOC WBB BB SB VB Fill-in @GoBEARCATS @tmusaints NKU grad Blan Girls Tennis

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Articles

Mortgage market watchers hope tariff pause can spur lower rates, stave off inflation

2 days ago | mpamag.com | Matt Sexton

Rates ticked upwards immediately after the announcement – but the market could settle soon By 13 May 2025 A 90-day reduction in tariffs announced Monday signaled a temporary pause in the US-China trade war – and while an initial bump in mortgage rates followed as Treasury yields rose, hopes are high that the pause could lead to a trade agreement and calm financial markets.
Lower rates badly needed to nudge mortgage clients off the sidelines, says broker

2 days ago | mpamag.com | Matt Sexton

Many would-be homebuyers and refinancers are still waiting for long-overdue mortgage transactions By 13 May 2025 An extended period of higher interest rates has left some potential home buyers and refinancers on the sidelines in recent times – and one long-time mortgage professional is hoping that some positive news in the rate market will allow these customers to cross the finish line.
Mortgage industry 'cautiously optimistic' as Fannie Mae revises 2025 market projections

3 days ago | mpamag.com | Matt Sexton

The economy is expected to slow for the remainder of the year – but positive signs are out there for the mortgage market, says industry expert By 12 May 2025 Fannie Mae now expects a slower pace of growth in the US economy for the remainder of the year – but its revised forecasts offer cause for cautious optimism and point to a resilient housing market, according to one industry expert.
'Historically wide' spread between MBS and treasury markets could keep interest rates high

3 days ago | mpamag.com | Matt Sexton

Continued tariffs against MBS holders, especially China, could keep rates elevated By 12 May 2025 Mortgage interest rates are staying stubbornly high thanks in part to big spreads between rates in mortgage-backed securities (MBS) and treasury markets – and the prominence of China, which has faced steep tariffs by the Trump administration, in the MBS market is increasing uncertainty and volatility. For now, the US and China have agreed to a 90-day pause on that tariff war.
Rocket sees origination volume boost in Q1

6 days ago | mpamag.com | Matt Sexton

Loan originations increased 7% year over year as company posts record quarter in home equity loans By 09 May 2025 Mortgage giant Rocket Companies reported $1.3 billion in adjusted revenue for 2025’s first quarter, with closed loan origination volume jumping thanks in part to a surge in home equity loans. The company had $21.6 billion in closed loan origination volume in Q1, a 7% bump over the previous year. Net rate lock volume was $21.6 billion, a 17% increase year over year.
As home prices skyrocket, buyers are settling, or sitting out

6 days ago | mpamag.com | Matt Sexton

Prices continue to rise, and buyers are giving up on their dream locations – or just waiting on the sidelines By 09 May 2025 Home prices continue to rise in some of the largest metropolitan areas of the country, and the median housing payment in the US hit an all-time high in early May, causing some buyers to settle on a new home or sit out completely.
Asset managers drawn to non-QM mortgage market, helping lower interest rates

6 days ago | mpamag.com | Matt Sexton

With non-QM market holding steady in current market turmoil, investors are finding strong yields and lower risk in that space By 09 May 2025 At a time when the conventional mortgage market is facing market volatility, the non-QM space continues to take big steps forward and thanks to the steady growth in the space, some investors are finding good value in investing in those types of loans.
Fed leaving rates unchanged would be a mistake: mortgage expert

1 week ago | mpamag.com | Matt Sexton

CEO agrees with President Trump that a rate cut is necessary to jumpstart the mortgage market By 07 May 2025 The Federal Reserve is expected to hold steady on interest rates when it meets on Wednesday in a wait-and-see stance that’s drawn loud criticism from President Trump, who has demanded a rate reduction – and one industry expert agrees with the president that a rate cut is needed.
Why it's 'crazy' to think renting is a better choice than buying a home

1 week ago | mpamag.com | Matt Sexton

First-time buyers are facing plenty of challenges – but high rates shouldn't dissuade them from purchasing, says LO By 07 May 2025 Ongoing housing affordability issues are especially hard on first-time homebuyers but despite these challenges, one loan officer believes potential buyers who rent instead are making other people’s dreams come true at the expense of their own.
UWM loan production, market share increases in first quarter

1 week ago | mpamag.com | Matt Sexton

Overall production jumps 17.1% year-over-year, with mortgage refinances leading the way By 06 May 2025 United Wholesale Mortgage, the nation’s largest home mortgage lender, saw a double-digit increase in loan production dollars in the first quarter of 2025, fueled by a massive jump in mortgage refinances. The company announced its first quarter numbers on Tuesday morning, revealing $32.4 billion in production in Q1, a 17.1% increase year-over-year.