A&D Market Digest for Week of 10/3/22
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.
FEATURED TRADESHOWS
NAMB National
October 7-10, 2022
Las Vegas, NV – Caesars Palace
California Mortgage Expo
October 11, 2022
San Francisco, CA – Hilton Oakland Airport
REImagine! Conference and Expo
October 11-13, 2022
Long Beach, CA – Long Beach Convention Center
FEATURED EVENT
NASHVILLE NIGHTS
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.
Sponsored by A&D Mortgage
