Alex Suslov, Head of Capital Markets, and Billy Abrams, President/CEO of ADM Securities, discuss recent and upcoming trends happening in the capital markets and their impact on the Non-QM market. Check out their discussion.
Market News
The Guardian —US mortgage rates climb to 6.7%, highest for 15 years. “US mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported on Thursday that the average on the key 30-year rate climbed to 6.7% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago.”
CNBC —Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index.“U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday. Home prices in July were still higher than they were a year ago but cooled significantly from June gains. Prices nationally rose 15.8% over July 2021, well below the 18.1% increase in the previous month, according to the report.”
UPCOMING WEBINAR
NOTE: A&D Mortgage will be live streaming webinars on our Youtube, LinkedIn and Facebook pages, so keep an eye on those pages for the announced links and be sure to set a reminder for yourself!
A&D Market Digest Live
🗓️ Tuesday, October 11, 2022
🕐 1 PM EST
Join us for A&D Market Digest Live! Alex Suslov, Head of Capital Markets, and Billy Abrams, President/CEO of ADM Securities, will discuss recent and upcoming trends happening in the capital markets and their impact on the Non-QM market. You’ve watched them every week, so now you get to ask them your burning questions in person!
AD Studio – The Best Marketing Platform for Mortgage Brokers
🗓️ Tuesday, October 18, 2022
🕐 1 PM EST
Join us for a live demonstration and Q&A on designing professional marketing materials with AD Studio. It makes it easy for brokers to create professionally designed marketing materials — flyers, postcards, social media, etc. — from your desktop or your phone.
Who doesn’t love a good party? And what could be better than a party in Nashville – the home of country music – at 6 p.m. on October 24 at Headquarters Beercade? That’s why we’re inviting our most valued brokers to our exclusive country music-themed party and award ceremony during the MBA Conference in Nashville. There’ll be plenty of music, dancing, and good old-fashioned fun. So put on your best boots and jeans and come on down to Nashville for a party you’ll never forget.
Why should you come?
Enjoy recognition as our leading Brokers receive annual performance awards
Network with Non-QM industry experts and colleagues
Appetizers, beer, wine, and cocktails served!
FREE access to more than 30 classic arcade games and 10 pinball machines.
Capacity is limited, so you are encouraged to RSVP.
