A&D Market Digest for 4/11/22 – High rates, flat yield curves

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

• MND — Mortgage Rates Surged to New Highs Before Recovering Moderately. “Mortgage rates jumped significantly higher this morning with the average conventional conforming 30yr fixed rate moving well over 5%. The most recent motivation for this upward momentum was yesterday’s speech from Fed Vice Chair Lael Brainard who warned of the need for the Fed to move more rapidly to reduce the size of its balance sheet (fancy words that mean the Fed will buy fewer bonds).”
• MND — Mortgage Payment to Income Ratio Getting Into Pre-Meltdown Territory. “Black Knight’s latest Mortgage Monitor report was released this morning and it provided more timely insight on home price appreciation than last week’s home price indices (HPIs)  from FHFA and S&P Case-Shiller. The Mortgage Monitor’s price data covers February whereas the other HPIs were limited to January. We already know that mortgage rates moved higher at a fairly brisk pace in January, but it was either too little or too late to make a difference in February’s price appreciation. Black Knight recorded its highest year-over-year home price growth on record of 19.6%.”

UPCOMING WEBINARS

Q&A with Broker Support
🗓️ Tuesday, April 12, 2022
🕐 1 PM EST

Join us for a live Q&A session with our Broker Support tea, as they answer your burning questions on how to become an Approved Partner and how to expand your pipeline.

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Cash in on Cash-outs: Making Refinances Work in 2022
🗓️ Tuesday, April 19, 2022
🕐 1 PM EST

Analysts have predicted that 2022 will be a hard year for refinances, but there is still going to be activity in the cash-out sector. Find out how cash-out refinances work today, what their requirements are, what options are available to borrowers, and what are the alternatives.

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The New Non-QM Normal: Successful Sales Strategies with Non-QM Programs
🗓️ Tuesday, April 26, 2022
🕐 1 PM EST

In today’s market, Non-QM loans are becoming the new normal as rates for conventional loans become increasingly more challenging to qualify for. Learn strategies on how to close more Non-QM business in a competitive market from a top A&D Account Manager.

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Making a BIG Impact: How to Qualify for Jumbo and Prime Jumbo Loans
🗓️ Tuesday, May 3, 2022
🕐 1 PM EST

With rising and record-setting home prices in many areas, borrowers are needing loans with higher loan limits. Learn why A&D’s Jumbo and Prime Jumbo loans can help you win more business in 2022.

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