Real Estate News 10/03/2025

Today’s News Synopsis:

In The News:

MortgagePoint – “Government Shutdown’s Ripple Effect on Housing “ (10-02-25)

“With Congress still at odds over government funding, the nation enters day two of its shutdown, as Republicans and Democrats take to Capitol Hill and hash out a new spending package.”

Reuters – “Trump eyes cuts to ‘Democrat Agencies’ in government shutdown” (10-03-2025)

“U.S. President Donald Trump said he will meet with his budget director Russell Vought on Thursday to determine which “Democrat Agencies” to cut, as he looks to inflict pain on his political opposition in the second day of a government shutdown.”

Yahoo Finance – “Fall’s mini-refinancing wave is already over“ (10-02-25)

“Refinancing applications had surged for several weeks as mortgage rates hit yearly lows.”

Redfin – “Pending Home Sales Slide, But There Are Bright Spots: Buyers Have Bargaining Power, Starter-Home Sales Improving“ (10-02-25)

“Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant due to economic uncertainty, including jitters about potential layoffs and the government shutdown.”

NAR – “Late Summer Surge: More Buyers Went Under Contract in August” (09-29-2025)

“Lower mortgage rates are prompting more confident moves in the market for home buyers.”