In a surprising turn of events, the mortgage industry in 2024 has experienced substantial inventory growth despite mortgage rates soaring above 7%. This unexpected trend has defied the commonly held belief that high mortgage rates would lead to a decrease in housing inventory. The resilience of the housing market in the face of such high rates is a positive indicator of the industry’s stability and potential for growth.

Key points:
– Mortgage rates have surpassed 7% in 2024.
– Despite high rates, housing inventory has seen healthy growth.
– This goes against the traditional notion that high mortgage rates lead to decreased inventory.
– The unexpected resilience of the housing market is a positive sign for the industry’s future prospects.

You can read this full article at: required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.