[Thomas Miller]

As of April 2, 2025, the average 30-year fixed mortgage rate in the United States is around 6.72%, an increase of 0.07% from last week.

The 15-year fixed mortgage rate is approximately 6.01%.

Overview of the National Housing Market

• The national housing market is undergoing a period of moderation.
• CoreLogic predicts home prices will grow 2% in 2025, compared to 4.5% in 2024.
• Existing home sales are also expected to increase by 6% in 2025 and 11% in 2026, per the National Association of Realtors (NAR).
• However, mortgage rates and home prices remain challenging for most buyers.
• According to the $2,800, the average monthly mortgage payment is $2,800, which is a record high. This is based on a median sale price of $384,000 and a 30-year mortgage rate of 6.67%.

Chicago Housing Market

• Home prices in Chicago were $372,223, and the median home sold price in March 2025 was 7.7% higher than the previous year.
• This marked a moderate growth in the housing market in Chicago.
• The Chicago metropolitan area expects the sales of single-family homes to increase by 57.7% between January 2025 and April 2025.
• Furthermore, the home value in Chicago is projected to increase by 1.2%.

Housing Industry Experts

Mortgage Loan Officers:

• According to research, the number of job openings for Loan Officers is projected to increase by 1% from 2023 to 2033
• This is lower than the average for all other professions.
• Although employment growth remains minimal due to replacement demand, approximately 22,900 loan officer openings are estimated yearly.
• As of March 2025, mortgage loan officers earned an average of $79,825 annually in the United States.

Real Estate Agents:

• The employment of real estate brokers and sales agents is estimated to rise by 2% from 2023 to 2033.
• This is also slower than the average growth rate for all occupations.
• Despite sluggish growth, about 46,000 openings are projected annually due to workers changing occupations or retiring.
• In 2025, numerous full-time real estate agents in the United States are expected to make between $50,000 and $100,000, while top performers in high-demand, high-demand markets earn six figures or more.

In general, both mortgage loan officers and real estate agents work within an industry that offers consistent opportunities, even amid challenges with housing affordability and interest rates.

[Thomas Miller]

What is the projected impact of the Nexa-Edge merger on consumers?

[Thomas Miller]

GCA Forums News:

Global News:

Israeli Military Operations in Gaza:

The Gaza Strip was subject to further Israeli military offensives, which left at least 23 people dead, including seven children. In an airstrike at Beit Lahia, Al Jazeera journalist Hossam Shabat was also killed.

Journalist Attacked in the West Bank:

In the occupied territory of the West Bank, a group of masked and armed Israeli settlers are reported to have assaulted Hamdan Ballal, Palestinian Oscar-winning director of “No Other Land.”

Domestic U.S. News:

Trump Administration Classified Information Leak:

The Trump administration has come under fire for discussing sensitive war plans over a Signal group chat that had a journalist within. This breach has raised questions about the protection of classified information.

DeJoy’s Resignation as Postmaster General:

DeJoy declared that he would no longer serve as U.S. Postmaster General, with Doung Tulino, Deputy Postmaster General, assuming the position in an acting capacity.

Political and Legal Updates:

Supreme Court Rejects Case on Youth Climate Change Indictment The Supreme Court of the United States has decided not to take up the case Juliana v. United States, which was brought against the U.S. government by 21 young plaintiffs seeking to challenge the state’s inaction regarding the climate crisis.

Restoration of Firearm Rights: The Trump administration began the process of reinstating a federal law that permits individuals barred from acquiring firearms to appeal for the restoration of their Second Amendment rights.

• This reply was modified 4 days, 21 hours ago by  Thomas Miller.
• This reply was modified 4 days, 20 hours ago by  Gustan Cho.

[Thomas Miller]

GCA Forums Headline News:

Report Overview For the Weekend Edition (March 24 – March 29, 2025)

Summary

GCA Forums Headline News will use the enhancements offered in the new report to increase interactions with homebuyers, real estate investors, mortgage professionals, and business zealots. Based on the viewer poll feedback, we will focus on providing valuable, timely content that is engaging and relevant. This week’s edition will feature multiple key categories that focus on increasing site visits and audience interaction, such as updates on mortgage markets, housing news, economic news, and other relevant updates.

Key Highlights

Updates On Mortgage Markets And Interest Rates

The changes in mortgage rates are of great importance to a portion of our audience. Therefore, we will provide daily updates about mortgage products such as conventional loans, FHA, VA, and non-QM loans. The following will be discussed in detail:

• Impacts of the daily changes in mortgage rates.
• Strategies enacted by the Federal Reserve on the lending policy and its subsequent impacts.
• Shift in credit scoring system along with debt-to-income ratio and its impact on approvals granted granting mortgages.

Housing Market Updates and Indicators

This will review the available data on the housing market, focusing on home sales, pricing, and inventory levels. The following will be covered in depth:

• The lack of affordability for entry-level houses for new homebuyers.
• Changes to price indexes of homes and the most favorable areas for purchase or sale.
• Developments within the rental market pertain to multifamily rental buildings.

Reports on Inflation and the Federal Reserve

Since inflation influences mortgage rates and the affordability of homes, we will focus on:

• Important documents such as the CPI and personal consumption expenditure index.
• Predictions of rate changes and their effect on real estate.

Economic Reports and Trends in Employment

The relationship between the economy and the housing market will be assessed about:

• The latest available monthly employment statistics and wage increases.
• The relationship between increases in GDP and the availability of mortgage credit and house prices.

Government Policy and Regulation of Housing

Our readers will need the latest information about new policies relating to the housing market and mortgage regulations.

The major focus will be on:

• The deal will change the upper limit of loans and introduce tax incentives for house buyers.
• Legislation on the regulation of the protection of tenants’ rights, together with programs for stopping foreclosure on homes.

Guidelines for Putting Money in Real Estate

Since there is increasing interest in real estate and property markets as sophisticated investment vehicles, we would like to provide expert-backed guidance on:

• The best places to buy rental properties are ones that will give a deal and make a profit.
• Predictions for the short-term rental markets, multifamily investments, and other emerging sectors.

Economic and Financial News

The combination of real estate news alongside business headlines will be done here, bringing emphasis on the following:

• Developing activities in the stock exchange and what that means for real estate.
• News on the banking industry concerning small business loans.
• Distressed Properties and Real Estate Foreclosures

Because of constantly changing economic conditions, we will look at:

• Current changes in foreclosure rates and how these gaps are becoming popular with investors.
• Help is available to owners facing financial difficulties wishing to prevent foreclosure.

Participation and Debates

To increase audience interest, we will compile popular issues discussed on the GCA Forums, such as:

• Q&A sessions with industry experts and summary notes of important conversations on the forum.
• Popular real estate news that appeals to the general public and is performed by community members.
• Much information is needed to motivate and engage readers that break down complex topics about mortgages and current events with professional analysis in the GCA Forums Daily Headline News.

Focusing on equitable solutions will make GCA Forums News a one-stop real estate and finance hub. Still, this week’s report will also become the go-to tool to put knowledge into action to empower our community.