Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 317

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 317
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100 basis points of rate cuts in the last four months of 2024, the Federal Open Market Committee (“FOMC”) has indicated that monetary policy is well positioned to wait for greater clarity on the effects of the trade, immigration, fiscal and regulatory policies of the new administration before making any further adjustments. The 30-year fixed mortgage rate fell to 6.65% at the end of the first quarter of 2025 from 6.85% at the end of 2024. 

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

Three Months EndedMarch 31,2025December 31,2024September 30,2024June 30,2024March 31,2024Real GDP0.3 %2.4 %3.1 %3.0 %1.6 %

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

March 31,2025December 31,2024September 30,2024June 30,2024March 31,2024Unemployment rate4.2 %4.1 %4.1 %4.1 %3.9 %

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:

March 31,2025December 31,2024September 30,2024June 30,2024March 31,202410-year U.S. Treasury rate4.3 %4.6 %3.8 %4.4 %4.2 %30-year fixed mortgage rate6.7 %6.9 %6.1 %6.9 %6.8 %

We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of March 31, 2025; 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 March 31, 2025, 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