The mortgage industry has been on a rollercoaster ride in recent times. Last year, listing activity experienced a sharp decline in the same week, but rose again by Oct. 28. Now, the industry is awaiting to see what the effects of the past year’s activity will be on the current mortgage landscape.
Most notably, trends such as rising interest rates, decreased home affordability and tight credit lending standards are influencing current listings activity. On the other hand, demand for real estate remains strong despite fewer qualified buyers, and the Federal Reserve has moved to support home buyers by introducing ultralow mortgage rates.
Key Takeaways:
• Listing activity saw a decline in the same week but rose again by Oct. 28
• Rising interest rates, decreased home affordability and tight credit lending standards are influencing current listing activity
• Demand for real estate remains strong despite fewer qualified buyers
• Federal Reserve has moved to support home buyers by introducing ultralow mortgage rates
You can read this full article at: https://www.housingwire.com/articles/housing-inventory-is-barely-positive-heading-into-fall/(subscription required)
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