Increase in Mortgage Demand Reported by MBA
Despite a recent increase in mortgage rates, there was a significant surge in mortgage demand after accounting for the holiday period – appealing to private lenders.
Despite a recent increase in mortgage rates, there was a significant surge in mortgage demand after accounting for the holiday period – appealing to private lenders.
Discover the growth of home-equity lending in 2023, as independent mortgage banks expanded their offerings. Despite a temporary setback, the market soared, making it an intriguing opportunity for private lenders.
Looking ahead, 2024 offers promising opportunities for private lenders in the mortgage industry. Expect improved rates and increased housing supply – seize these new skills and thrive in the market. Make 2023 a memorable year!
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As a mortgage industry expert, explore how this new phase in the economic cycle impacts private lenders, despite today's positive report beating estimates. Discover more.