While the current housing market is considered more favorable to buyers than sellers by some mortgage industry leaders, plenty of obstacles remain for aspiring homeowners, especially those looking to buy new properties. Only 35.9 million out of a total of 132.5 million households are currently able to afford a newly built home based on 2022’s … [Read more…]
The housing market of 2023 looks very different to the one seen not that long ago, when interest rates hit stunning lows. As buyer and seller behavior shifts in reaction to higher interest rates and sour macroeconomic predictions, mortgage originators are wise to observe carefully and reshuffle their strategies to keep winning business. Below we … [Read more…]
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