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GCA Forums News for Thursday June 12 2025
Hey there, and welcome to the Thursday, June 12, 2025, edition of GCA Mortgage Forums News. Glad you could stop by!
Mortgage Market, Fed Moves, and Housing Buzz: June 12, 2025
June is already humming along with headlines no one wants to miss. If mortgages, the Federal Reserve, and the place we call home pop into your mind, you aren’t alone.
Federal Reserve Talk
- Jerome Powell stepped back into the spotlight yesterday and pulled no punches.
- He reminded Wall Street that the Fed watches interest rates like a hawk.
- I plan to go straight to the big point: there are no rate cuts yet.
- Surging inflation still scares them, so every hint Powell dropped landed in the cautious camp.
Mortgage Rates Update
- Mortgage lenders are jittery, and that shows up in the window.
- Today, the average 30-year fixed is around 7.25 percent, up from 7.15 percent just last week.
- Whether that trend sticks depends on how markets digest tomorrow’s employment report.
- Bad numbers could push rates even higher, while a strong jobs boost might relax lenders for a minute or two.
Housing Inventory vs. Demand
- Housing inventory flatlines at just under 1 million single-family homes, a number that has derailed first-time buyers for months.
- Demand, however, sits stubbornly high thanks to Millennials hitting their purchasing stride.
- Economists keep calling the market stale, yet bidding wars still pop up in cities like Austin and Raleigh.
- That odd mix of cold headlines and hot offers keeps everyone scratching their heads.
NY AG Letitia James and Fraud Allegations
- Eyes are glued to New York Attorney General Letitia James, who dropped mortgage fraud allegations that read like a spy novel.
- The CFPB, FBI, and U.S. Attorney General Merrick Garland are now elbow-deep in paper.
- Rumors swirl that a federal grand jury could be seated by the end of the month.
Prosecutors want air-tight files before any jury is sworn in, which slows the gossip but speeds up the paperwork.
Rent vs. Buy Dilemma
- Renters still face sky-high landlords charging 25 percent more than two years ago, while buyers grind through high rates.
- That classic rent-versus-buy debate feels less like a debate and more like a math problem few can solve.
Economy Snapshots
- Unemployment has dipped to 4.3 percent, yet plenty of gig workers say the safety net feels threadbare.
- Job growth continues, especially in the renewable sector, but wages trail inflation like a puppy on a short leash.
- The cost of living is highest in the real estate corridor from San Francisco to Boston, where even a loaf of bread can cause buyers to regret it.
- Grocers blame supply chains, and landlords blame lenders, so the blame circle spins on.
Stock and Bond Market Rollercoaster
- Bond yields jumped after Powell spoke, sending mortgage-backed securities into a tailspin.
- Stocks hesitated, then rallied, hoping any rate rise would be tiny.
- Volatility is the new black, and portfolios either love or hate it.
Tariffs and Trump
- Still, the headline magnet, Trump nudged tariffs on steel and lumber back into the conversation.
- Builders suspect the White House wants to lower prices, while manufacturers worry it’ll backfire.\
- Meanwhile, his bond with Elon Musk skips the line between cooperation on space and friction on taxes.
- Musk, ever the public thinker, hints at chat about electric truck production only when the tariff fog clears.
Big Beautiful Bill and Cabinet Crew
- The Big Beautiful Bill, another name for Trump’s latest infrastructure pitch, is poised for summer debate.
- The new Attorney General, Pam Bondi, says justice will oversee enforcement.
- Kash Patel sings the same tune in the FBI, though skeptics wonder if talk beats walk.
- Dan Bongino, the deputy director who is no stranger to media fire, insists the agency is in the weeds tracking fentanyl and Wall Street mischief, not Twitter feuds.
American Confidence
- Americans split in polls about Trump’s leadership, yet confidence numbers wobble less than you’d think.
- Group chats on cable news blur the lines between praise and panic, giving pundits plenty to shout about.
- The biggest question is whether that confidence can translate to a landscape free of real estate heartburn or mortgage surprise.
- Plenty of lawyers and law-adjacent pros are speaking up and saying Kash Patel and Dan Bongino aren’t the right fit for the top two slots at the FBI.
- They think we need someone with deeper chops before the Bureau gets a new helm.
- Patel briefly stretched as a public defender and bounced between government gigs.
- Still, most folks agree that a track record isn’t enough if you’re taking the director’s chair.
- Bongino hosts a high-energy podcast and leans hard to the right, so his name rings alarm bells for many career agents.
- He logged a few years as a beat cop in New York, then guarded Barack Obama as a Secret Service screener, yet those jobs leave a big gap when the Bureau looks for its number two.
- More than ten years have passed since the agency hit the reset button on its tech and chain of command.
- Dan Bongino, once part of that world, has tried and failed to win office in Maryland and Florida.
- Lately, he spends his days behind a YouTube mic or posting on Rumble and Facebook, and he pops up on other channels chasing the same audience.
- July 2025 is creeping up on us. Donald Trump took the White House again on November 5, 2024.
- Half a year into his second term, the promised handcuffs for what some call the Biden-domiciled swamp still dangle in mid-air.
- No blockbuster indictments, no headline-making arrests.
- People keep asking, Who exactly?
- Fair question.
- Maybe the so-called Biden Crime Family, Alejandro Mayorkas at Homeland Security, or Congressman Adam Schiff.
- Some even toss Dr. Anthony Fauci, ex-New York Governor Andrew Cuomo, and Bill Gates, whose talk of limiting population keeps sparking arguments.
- Barack Obama, Bill Clinton, and the former Secretary of State, Hillary Rodham Clinton, all share headlines more often than they probably enjoy.
- A horde of unnamed celebrities, certain disgraced members of Congress like Liz Cheney and Matt Kisinger who still rub folks the wrong way, plus everyone connected to January 6, 2001.
Elon Musk, now obsessed with cleaning D.C. messes, says his data-wrangling crew turned up fingerprints that look like fraud against taxpayers.
The L.A. riots—a flashpoint no one can forget—kept breaking on GCA Mortgage Forums News the afternoon of June 12, 2025, with tapes and eyewitness posts flooding in before dinner.
https://www.youtube.com/watch?v=H7vmtBeh5AM&list=RDNSwXMEF63N3N8&index=3
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Housing & Mortgage Market Update (June 12, 2025)
Mortgage Rates and Forecast
- According to Freddie Mac reports, the average 30-year fixed mortgage edged down to 6.84% this week.
- That small dip came from last Friday’s reading of 6.85%.
- The same Freddie Mac data shows that the shorter, 15-year fixed loan has also slipped to 5.97%.
- Investopedia shows the daily 30-year average a touch higher at 6.91% while pointing out that the slide is the biggest one-day drop in a month.
- The site filed that figure late Thursday morning.
- Market watchers monitor the Federal Reserve but generally expect the 6% to 7% range to remain for the rest of 2025, barring a surprise in the coming FOMC meetings.
Housing Market: Inventory vs. Demand
- Home inventory records are breaking, with the total dollar amount of listed properties hitting $700 billion.
- Real-estate analysts say that is the largest figure posted since early 2020.
- Even with so many options, roughly 44% of all current listings have been on the market for over 60 days.
- Buyers seem cautious, yet April numbers still show an overall price bump of 1.4%.
- Long-term forecasts place yearly price growth at about 3.5% until 2027.
- Rising mortgage costs, construction tariffs, and tighter labor pools keep that pace in check.
Federal Reserve & Chairman Powell
- President Trump took another shot at Chairman Powell on Wednesday, calling him a numbskull.
- The former commander-in-chief repeated his demand for a drastic two-percentage-point rate cut, arguing that such a move could chop the federal deficit by $600 billion.
- Trump’s remarks surfaced shortly after market analysts noted that softer rates had not yet reached all lenders.
- Such timing kept the press pool busy, even while other lawmakers moved on to unrelated budget talks.
- He dropped a bombshell last week by saying he plans to ditch Jerome Powell as Fed chair once Powell’s term rounds out next year.
Letitia James Mortgage Fraud Probe
- In April, the Federal Housing Finance Agency received tips claiming that New York AG Letitia James fudged details about her main home, inflated the number of rental units, and even exaggerated how closely tied she was to her father to score sweet mortgage deals.
- According to investigators familiar with the file, the FBI moved quickly.
- Its agents were investigating wire, bank, and mail fraud by May.
- James has resisted hard, blaming the blunders on clerical goofs and labeling the whole affair politically motivated.
Multiple Federal Outlets:
DOJ, FBI, FHFA, plus Florida AG Pam Bondi’s team are now in the trenches; there is no word on whether a grand jury will be empaneled or charges formally laid.
Economy, Jobs & Inflation
- Price growth keeps easing, giving borrowers a flicker of hope through slightly lower mortgage quotes.
- Yet, inflation is still above the cozy 2 percent zone.
- Claims for unemployment checks stay under the radar, and payroll additions trudge along at a steady clip, keeping the job market hotter than most people expected.
National Real Estate and Mortgage Industry
- The housing scene feels almost winded, stuck on high rates and stubbornly large inventories.
- Mortgage bonds wave around, pushing monthly payments higher or lower by the week.
- That back-and-forth is all but torpedoing affordability.
- Former President Trump’s import taxes clamped down on steel and lumber a few years back.
- Because of that, contractors today pay a premium for plywood and PVC, which has put affordable housing projects on the back burner.
Rent vs. Buy
- Mortgage loans now hover close to 7 percent, and home prices keep creeping up, so renting still looks smart for many folks.
- If long-term rates dip into the mid-six percent range by November, buying a house could suddenly feel like the better deal.
Markets & Tariffs
The stock ticker feels like a yo-yo. Inflation headlines, nagging trade spats, and fresh economic snapshots keep jerking Wall Street and bond markets in opposite directions.
Musk, Trump, and the Public Stage
The public spat between Trump and Elon Musk has everybody clicking headlines, yet behind closed doors, the two are said to keep swapping ideas. So far, nothing earth-shattering has leaked from those hush-hush exchanges.
Just Us Politics
Florida AG Pam Bondi kicked off a Weaponization Working Group to hunt down what she calls politicized justice.
Bureaucracy Buzz
Inside the Bureau, Kash Patel and Dan Bongino are stirring debate: many critics say their resumes lack the deep law-enforcement chops that FBI No. 2 slots usually demand. Bongino is mostly remembered for a patrol beat in the NYPD and a short Secret Service stint.
Legal Whispering
Legal insiders quietly ask whether those picks clear the basic bar for their current positions.
BREAKING: LA RIOTS
- On June 12, 2025, protests in Los Angeles exploded when crowds turned from marching to smashing storefronts.
- Many people said they were furious over rising rents and what they felt were heavy-handed police tactics.
- Shutters were pried open, and cameras caught looters shoving sneakers and electronics inside garbage bags.
- Governor Gavin Newsom called upstate and National Guard units to patrol the streets.
- News crews from across the country asked whether the city could prevent the anger from spreading to other metropolitan areas already struggling with a shaky economy.
Public Confidence
- Voter surveys sprinkled across Sunday talk shows showed a tepid sideways rating for President Trump.
- Supporters still cheer him, but undecided Americans keep mumbling about climbing rates and pricy apartments.
- People who lean right say they trust Trump’s handling of money matters, yet even they wince at bills that arrive every month.
- Housing experts keep reminding everyone that rising mortgage costs rent space in more minds than headlines do.
Bottom Line
- The June 12 snapshot hints at a messy economic puzzle.
- Houses aren’t selling fast, mortgage pricing feels flat, and some bankers quietly say we’re stuck at these upside-down numbers.
- Rumors drift that Trump might nudge Jerome Powell out of the Fed chair if Wall Street whispers grow louder.
- New York Attorney General Letitia James keeps banging away at a politically charged inquiry.
- At the same time, petitions grip Congress to yank the Trump-era heads of the DOJ and FBI if things tip against the White House.
In the meantime, the Los Angeles flare-up is a headline reminder that many Americans feel one paycheck away from chaos.
The State of the US. Economy
- Economy watchers will focus on central bank remarks, fresh housing stats, and whatever James reveals next.
- This is because those pieces will shift markets, mood, and the timeline for the next election.
- US mortgage rates keep dipping, but not with any fanfare.
- The average long-term deal now sits at 6.84 percent, the second straight week of tiny slides.
- If you want to keep tabs, read about it at AP News.
Mortgage Loans
According to Investopedia, home loans have lost a bit more ground almost daily this week. People looking to refinance or buy are already whispering June 2025 in their budget drafts.
New York Attorney General
- Meanwhile, NY Attorney General Letitia James deals with hotter news than rate cuts.
- The Justice Department has opened a criminal probe into claims of mortgage fraud tied to her office, a twist that caught insiders flat-footed.
- Switching gears to listings, a mind-boggling $700 billion home is on the market.
- Business Insider pulls apart why buyers still sit on their hands even with that mountain of inventory.
- Despite all the stock in front of them, analysts bet prices will edge up another 3.5 percent this year.
- A Reuters poll warns that tariffs on building materials will keep new construction limping.
- The biggest Aussie banks dropped a jaw-dropping forecast after the Reserve Bank cut rates again.
- Courier Mail calls it a windfall, although homeowners are probably nervously checking how long the good luck will last.
- Former President Trump is fighting Federal Reserve chief Jerome Powell on this side of the world.
- In a wild NY Post headline, he calls the central banker a numbskull and hints he might swap him out if rates stay high.
- Letitia James’s name keeps popping up in other circles, too.
Allegations of mortgage fraud are snowballing, and the Atlantic Voice piece lays out what they say she did. Wikipedia now has a detailed entry if you want the hızlı version.
For Aussie home shoppers, the weird feud between Trump and Elon Musk is suddenly good news. The Australian suggests even American drama could help slash borrowing costs, at least while the Reserve Bank weighs its next move.
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Trump & the FED Just Made a MASSIVE ANNOUNCEMENT for Millions of Americans.
Its Alex Carlucci of Gustan Cho Associates President Donald Trump and Fed President Jerome Powell’s Decision to cut interest rates as well as Trump’s new trade agreement with China and how tariffs will be affected.
New videos come out every day on It’s Alex Carlucci YouTube Channel at 6pm EST! We cover everything happening on a daily basis, the stock market, finance, business,
https://www.youtube.com/live/l5uy4xVnsMc?si=lZav_67Pik44Pw0g
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Chicago Mayor Brandon Johnson is under fire — and this time, it’s not from Republicans. A well-funded dark money group called the Common Ground Collective has raised $10 million to take down Johnson and his progressive allies on the City Council. The kicker? Major Democratic donors, including Michael Sacks, a close friend of Rahm Emanuel, are behind the effort.
The group is targeting Aldermen like Daniel La Spata, Byron Sigcho-Lopez, Rossana Rodriguez-Sanchez, and William Hall, blasting them for standing with Johnson on hot-button issues like the Gaza ceasefire resolution and tax hikes. But Johnson isn’t backing down — accusing the ultra-wealthy of trying to “buy back power” in Chicago.
This is a full-on Democratic civil war — with money, mailers, and media manipulation at the center of the fight for Chicago’s future.
What’s the real agenda behind the $10M blitz? And how will it reshape progressive politics in America’s third-largest city?
Watch now and sound off in the comments!
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Stephen Gardner and Fox New Julie Banderas discuss the LA riots, Gavin Newsome, Trump calling for an investigation into who is funding the riots.
Julie Banderas is an Emmy Award-winning journalist, Fox News anchor, and proud mother of three! With 28 years in media, Julie has made a significant mark in the
Julie Banderas is an Emmy Award-winning journalist, Fox News anchor, and proud mother of three! With 28 years in media, Julie has made a significant mark in the industry. Most recently, Julie partnered with BRAVE Books to release her second children’s book, A Monumental Mistake.
Trump is doing his best to handle the riots in LA but I’m seeing things heating up in San Fransisco, Dallas, Atlanta, Chicago and New York. There are 1500 rallies to block Trump slotted for this weekend. Thoughts on all this.
Someone is funding these attacks Trump calls to investigate who is funding nation wide riots. Senator Josh Hawley on it.
Let me roll another clip from Trump’s Fort Bragg speech.
“Generations of army heroes did not shed their blood on distant shores only to watch our country be destroyed by invasion and third world lawlessness here at home, like is happening in California..
People are saying like the Saudi Arabia speech where Trump said past president and leaders spent trillions trying to tell you how to live while you spent trillions building modern cities. Trump said we want peace. Many said this was the new Trump doctrine. Trade with goods vs trading missile attacks. Thoughts on that but also is this new doctrine that we won’t allow cities to ever fall into chaos like they did to blm and antifa in 2020?
One year for burning flag. This looked like an invasion of another country.
Theft in LA Has Gavin Newsom destroyed his chances of being president.
Elon apologizes. Behind the scenes.
iYou have a new children’s book, A Monumental Mistake! Tell me about this.
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The Los Angeles City Riots and other riots throughout the country are funded by left wing radicals like George Soros, Bill Gates, Barack Obama supporters, Friends and Family of Nancy Pelosi and other left wing city, county, and federal politicians. These left wing radicals need to get brought down on inciting riots and charged with aggravated treason and being enemy of state and get life in prison with hard labor. One way ticket 🎟 to Guantanamo Bay. Something need to be done about it. Where’s Kash Patel and Dan Bongino? Where is U.S. Attorney General Pam Bondi? What is Kash Patel waiting for?
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Stock markets down across the board, mortgage rates down, and volatility index skyrocketing on news Israel bombing Iran. Tons volatility across the board. Gold and Silver per ounce is skyrocketing. Silver broke $35 per ounce up to almost $38 per ounce. Stay tuned.
https://www.youtube.com/live/mn8weY5DCIo?si=arAmExVtIPNeuzQE
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BREAKING THE NEWS: Global Market Shock – Stocks Dive, Mortgages Slide, and Worry Takes Center Stage
- A fresh round of Israeli airstrikes reported over Iran is sending tremors through trading floors worldwide.
- Dip-buyers are nowhere to be seen, and all three major U.S. indexes are swimming in crimson by lunchtime.
- Traders keep glancing at the VIX, which has just jumped past the 30 mark that usually shouts danger.
- Gold and Silver are writing their own story.
- Silver briefly cleared $35 an ounce and almost brushed $38, levels not seen in a long while.
- Gold follows closely, ticking to highs not touched in months.
- In a separate twist, mortgage rates are easing as nervous cash piles into U.S. bonds, quietly bringing yields and loan costs down.
- Anyone thinking about a home loan or refinance might spot a rare opening here, but fair warning, the environment remains wildly unpredictable.
Could you watch GCA Mortgage Forums News? We will update the page before the ink dries.
https://www.youtube.com/watch?v=3QVpL4REv-Q
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Katie Abraham was 20 years old. A college student with her whole life ahead of her. Until a drunk illegal alien that Illinois protected killed her in a car crash and fled to Texas using fake documents. Today, her father Joe sat in Congress watching the governors who enabled his daughter’s death squirm under oath, unable to justify their sanctuary policies that value criminal aliens over American lives.
This gut-wrenching segment from Gary Franchi’s RAW FEED on the Next News Network exposes the sanctuary state bloodbath happening across America. Three Democrat governors—Pritzker of Illinois, Walz of Minnesota, and Hochul of New York—were forced to testify under oath about their deadly policies. What happened next was a masterclass in evasion, lies, and moral bankruptcy.
Chairman James Comer opened with Katie’s story, forcing these governors to confront the real human cost of their virtue signaling. The illegal alien who killed Katie had been previously deported but was protected by Illinois’ sanctuary policies. He didn’t just flee the scene—he fled the state, was caught in Texas using fraudulent documents, and now faces federal charges. When Comer asked Governor Pritzker directly if this killer should have been in America, Pritzker couldn’t even answer. He started offering condolences before being cut off. The question was simple: should Katie’s killer have been here? The silence spoke volumes.
The revelations got worse. Governor Kathy Hochul admitted she has absolutely no idea how many illegal aliens are in New York or how much taxpayer money they’re receiving. When pressed by Rep. Donalds, she incredibly claimed immigrants “have been coming here for 400 years” as justification for keeping zero records. Your tax dollars are disappearing into a black hole, and the governor of New York doesn’t even pretend to care.
The truth about sanctuary policies becomes undeniable when you see it destroying lives. That’s why independent journalism matters more than ever.
Tim Walz’s testimony was perhaps the most disgusting. When confronted about calling ICE agents “modern-day Gestapo,” he refused to apologize. Think about that—comparing American law enforcement officers to Nazis who murdered six million Jews, and he won’t take it back. These are the same officers trying to remove drunk drivers who kill college students, and Walz calls them Gestapo.
Tom Emmer absolutely destroyed Walz with facts about Minnesota’s transformation into a criminal magnet. Free healthcare, free college, driver’s licenses for illegals while handcuffing law enforcement. The result? Minnesota attracts terrorists, gang members, murderers, and child predators. Emmer’s closing shot was brutal: “You remember JD Vance, don’t you?”—reminding everyone that Walz lost to Trump-Vance.
The viral moment came when Rep. Brandon Gill confronted Pritzker with his own tweet urging everyone to use opposite-gender bathrooms to protest Trump. When asked if he ever used a women’s restroom himself, Pritzker went completely silent. The hypocrisy was so thick you could cut it with a knife.
Democrat Congressman Stephen Lynch then compared ICE agents to Nazis, saying his WWII veteran father would be proud he’s “fighting today’s Nazis.” This is the sick rhetoric that gets federal officers killed—comparing immigration enforcement to the Holocaust.
The hearing climaxed with Rashida Tlaib having a complete mental breakdown, screaming “THEY’RE ARRESTING DISHWASHERS!” As if arresting dishwashers justifies protecting drunk drivers who kill American students. She ranted about corporations and detention centers while Katie Abraham’s father sat there, knowing his daughter would be alive if not for these policies.
James Comer exposed the big lie about needing legislation to secure the border. Trump secured it without any new laws—the “we need a bill” excuse was always a scam. Now it’s time for step two: deporting the criminals these governors protect.
This is what sanctuary policies really mean: dead Americans, grieving families, and governors who can’t look victims’ parents in the eye. Watch Gary Franchi expose every devastating moment.
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Tampon Tim Waltz of Minnesota gets grilled by Florida Congressman Byron Daniels.
Rep. Byron Donalds (R-FL) ruthlessly questioned Democrat sanctuary state governors JB Pritzker, Kathy Hochul, and Tim Walz.
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Layoffs continue to progress at all levels including government agencies. The Illinois State Police and other government agencies are following private companies in laying off or buying out wage earnings at all layers which includes hourly, salary, management, and executive management. Intel, Google, and Facebook have offered tens of thousands of workers early employee buyouts.
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