Core Viewpoint - The current mortgage rates, particularly FHA rates dropping below 6%, are seen as a positive development for first-time homebuyers, enhancing affordability and creating a favorable buying opportunity in the housing market [2][3]. Company Insights - Taylor Morrison's customer base primarily consists of lifestyle buyers rather than entry-level buyers, with about one-third of their business focused on first-time buyers [4][5]. - The company has reported that approximately 40% of their closings involved aggressive incentives like buy downs, which are more common for first-time buyers [7]. - The company maintains a balanced approach to inventory, currently leaning towards 70% inventory, with a target of 60% spec homes and 40% to be built, to meet consumer demand [11]. Industry Trends - The housing market is experiencing a divergence in builder strategies regarding spec homes, with some builders fully committed to this approach while others are cautious due to the associated risks [8][9]. - Lumber prices have significantly decreased, which is expected to positively impact the company's profit and loss statements in the coming year, while land prices have moderated but not drastically fallen [12][14]. - The current market conditions indicate a slow adjustment in land pricing, with sellers beginning to understand the changing landscape, leading to more reasonable agreements on terms and prices [14][15].

Diana Ol is at the Zelman Housing Summit and she has an exclusive interview with the CEO of Taylor Morrison. Diana, I'll send things over to you. Thanks, Dom.And Cheryl Palmer, thank you so much for joining us. It's always a pleasure to have you in person here. So great.So, everybody is talking about mortgage rates today. How could you not. And despite these two economic indicators this morning that were kind of on either ends of the spectrum, do you expect rates to come down further.And what is the magic r ...

JUST IN: 🇺🇸 30-year fixed mortgage rates records biggest drop in a year. ...

Mortgage Market Trends - US mortgage rates experienced the largest drop in a year [1] - This decrease in rates led to a significant increase in refinancing demand from homeowners seeking savings [1]

Core Insights - The 30-year fixed-rate mortgage (FRM) averaged 6.35% as of September 11, 2025, marking a decrease of 15 basis points from the previous week, which had an average of 6.50% [1][4] - This decline represents the largest weekly drop in mortgage rates over the past year, indicating a positive trend for homebuyers [2] - Year-over-year growth in purchase applications has reached its highest rate in over four years, suggesting increased demand in the housing market [2] Mortgage Rate Details - The 30-year FRM is down from 6.50% last week and up from 6.20% a year ago [4] - The 15-year FRM averaged 5.50%, down from 5.60% the previous week and up from 5.27% a year ago [4] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market across various economic cycles, having assisted millions of families since 1970 [3]

Interest Rate Impact - The market has priced in a 100% chance of a rate cut next week, which is a major topic at the housing summit [1][2] - Lower interest rates are expected to reduce the cost for builders by potentially lowering the need to buy down rates [3] - Lower mortgage rates would increase confidence in home sales, encouraging land developers to supply more lots to home builders [5] Land Market Dynamics - In Q2, Brookfield generated $500 million in land revenue, but lot sales and prices experienced declines across both residential and commercial sectors [6] - A report indicated that land demand decreased by 23% in the past quarter, mirroring trends observed in 2022 when mortgage rates decreased [6] - Brookfield operates as a land banker, lot serer, and community developer, with the majority of its portfolio focused on long-term master-planned communities [7][8] - New land banks may see lower values, but existing contractual agreements remain largely unchanged, with builders continuing to take down lots as contracted [9] Housing Market Outlook - Starts are projected to be somewhat flat next year, but builder demand for the second half of the year is expected to moderate slightly [10] - Community side of the business remains strong, with builders still requiring lots in community developments [10] - There is support for a "chips act equivalent" for housing, focusing on opening up more federal land for housing development [11] - There is potential to partner with the building industry to develop federal land in high-demand housing locations [12]

Group 1 - The frozen housing market shows signs of thawing as mortgage rates decline significantly, with the 30-year fixed mortgage rate dropping to approximately 6.49% [1][2] - The 15-year fixed mortgage and 5/1 adjustable rate mortgage rates also improved, both settling around 5.7%, marking the lowest levels in nearly a year [2] - Mortgage applications surged by 9.2% in the week ending September 5, with refinancing activity increasing by 12% week-over-week and 34% year-over-year, indicating a rise in borrowing activity [3] Group 2 - Expectations of Federal Reserve rate cuts to stimulate the economy have contributed to a decrease in the 10-year US Treasury yield, which influences long-term mortgage rates [4] - The recent drop in mortgage rates has led to the highest borrower demand since 2022, with both purchase and refinance applications increasing [4] - Lower borrowing costs provide hope for potential homebuyers who have faced challenges due to limited inventory and housing affordability issues [8]

What goes into determining your mortgage rate. The answer might be more complicated than you think. Mortgage rates closely follow the bond market, especially 10-year Treasury yields.Those yields move for all sorts of reasons, usually based on expectations about the economy and inflation. When the economy looks shaky, bond yields usually fall, and that can make mortgage rates fall, too. On the flip side, when there's really good economic data, bond yields usually rise, and then mortgage rates rise as well. S ...

So, this is the biggest 1-day drop in rates since August of last year. The average on the 30-year fix dropped 16 basis points this morning to 6.29%. That according to Mortgage News Daily, and that is the lowest rate since October 3rd of last year.So, we're finally breaking out of this high 6% range that it's been in for many months. Mortgage News Dy's Matt Graham also says many lenders are priced better than this at rates of 6.125% and many lenders will be quoting in the high fives today. So it's a major di ...

Mortgage rates in the US fell, extending a steady decline that offers homebuyers some relief https://t.co/krGaaqGKhs ...