Industry executives are preparing to adjust their expectations in response to the possibility of 7% mortgage rates persisting. This adjustment may include revising forecasts for originations downward as higher interest rates could potentially deter potential homebuyers.
Key points:
– Industry executives are bracing for the potential impact of 7% mortgage rates.
– Expectations may need to be updated in light of higher interest rates.
– Forecasts for originations may be revised downwards due to potential decrease in demand.
You can read this full article at: https://www.housingwire.com/articles/as-a-higher-for-longer-rate-scenario-unfolds-how-is-the-mortgage-industry-adapting/(subscription required)
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