Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 157

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 157
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 policy rate is over and the FOMC has entered a phase where further reductions in the policy rate will require further progress in lowering inflation toward the 2% target. The 30-year fixed mortgage rate rose to 6.85% at the end of the fourth quarter from 6.08% at the end of the third quarter of 2024, up from 6.6% at the end of 2023. 

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

Three Months EndedDecember 31,2024September 30,2024June 30,2024March 31,2024December 31, 2023Real GDP2.3 %3.1 %3.0 %1.6 %3.2 %

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

December 31,2024September 30,2024June 30,2024March 31,2024December 31,2023Unemployment rate4.1 %4.1 %4.1 %3.9 %3.8 %

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:

December 31,2024September 30,2024June 30,2024March 31,2024December 31,202310-year U.S. Treasury rate4.6 %3.8 %4.4 %4.2 %3.9 %30-year fixed mortgage rate6.9 %6.1 %6.9 %6.8 %6.6 %

We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of December 31, 2024; however, uncertainty related to market volatility, the path of the federal funds rate, various regional conflicts and trade and fiscal policies makes any estimates and assumptions as of December 31, 2024, inherently less certain than they would be absent the current environment. Actual results may materially differ from those estimates. Market volatility, inflationary pressures and government policies (monetary, fiscal, trade and immigration) and their impact on the current financial, economic and capital markets environment, and future developments in these