Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 4

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 4
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 the beginning of 2023. Home price growth moderated further with the 12-month increase in the median resale price of an existing home at 2.0% in June 2025, which compares to 2.6% in March 2025. The 30-year fixed mortgage rate rose modestly to 6.77% at the end of the second quarter of 2025 from 6.65% at the end of the first quarter of 2025.

The economic conditions discussed above influence our investment strategy and results. Following 100 basis points of rate cuts in the final four months of 2024, the majority of the Federal Open Market Committee (“FOMC”) participants continue to wait for greater clarity with respect to the effects of government policies before making any further adjustments to the federal funds rate. The FOMC’s June 2025 Summary of Economic Projections contained a median forecast of two quarter-point rate cuts before the end of 2025.

The following table summarizes the change in U.S. GDP estimates (annualized rate) according to the U.S. Bureau of Economic Analysis:

Three Months EndedJune 30,2025March 31,2025December 31,2024September 30,2024June 30,2024Real GDP3.0 %(0.5)%2.4 %3.1 %3.0 %

The following table summarizes the annualized U.S. unemployment rate according to the U.S. Department of Labor: 

June 30,2025March 31,2025December 31,2024September 30,2024June 30,2024Unemployment rate4.1 %4.2 %4.1 %4.1 %4.1 %

The following table summarizes the annualized 10-year U.S. Treasury rate according to the Federal Reserve and the 30-year fixed mortgage rate according to Freddie Mac:

June 30,2025March 31,2025December 31,2024September 30,2024June 30,202410-year U.S. Treasury rate4.2 %4.2 %4.6 %3.8 %4.4 %30-year fixed mortgage rate6.8 %6.7 %6.9 %6.1 %6.9 %

We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available