How can the market recover amid a lack of home supply? Nunes: Surging mortgage rates is one challenge, but inventory is another. And 2024, 20, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% and 7% right now is gonna eventually need to refinance. I don’t know if it’s the bottom or not, but the reality is 20 will be recovery years it’s going to break. However, I’d say a couple of months ago was when things were tight – from the fourth quarter – and the first quarter was slower because people will buy houses much more in the spring, summer and fall. Is it the bottom? It’s hard to say it’s the bottom. There’s a lot less refinancing and a lot more purchases. Mat Ishbia: In the 20 markets, rates went up a lot. This interview has been condensed and edited for clarity.įlávia Nunes: Where are we at in terms of the current mortgage market cycle? Ishbia answered a range of questions in an interview with HousingWire in early May during UWM Live!, its brokers’ network conference held in its sports center in Pontiac. “The broker community is better because of that. “There were two companies out there that were doing stuff to hurt the broker community systematically,” the executive said. “It’s all about making sure they have options.”īut hasn’t UWM limited brokers’ options by imposing an ultimatum and prohibiting brokers from working simultaneously with UWM and two competitors, Rocket Mortgageor Fairway Independent Mortgage? One lender leaving, two others leaving, it doesn’t matter at all,” Ishbia said. “Right now, there are 70 lenders out there.
0 kommentar(er)
