A&D Market Digest for Week of 11/7/22

A&D Mortgage News Brokers Industry News Non-QM Loans
November 08, 2022
A&D Market Digest for Week of 11/7/22

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

  • NMNRent Prices Experience Second Month Over Month Decline.“In 2022 rents are up by a total of 5.9%, compared to 18% at this point in 2021. Rent prices have dipped nationally for two straight months, falling 0.7% during the month of October. It also marks the largest single-month dip in the history of the index, going back to 2017. The national rent index is down by 1.1% since August. Despite the monthly decline, rent growth over the course of this year continues to outpace the pre-pandemic trend, even as it has slowed significantly from last year’s peaks. So far in 2022 rents are up by a total of 5.9%, compared to 18% at this point in 2021.”
  • MCTLock Volume Indices: October 2022 Data. “Lock Volume Indices show that year-over-year total lock volume (-60.4 percent) continues to drop, as expected, when compared to the white-hot origination space in 2021. The month-over-month rate/term refinance lock figure and purchase index, those figures were down 28.9 percent and 15.8 percent, respectively. Total mortgage rate locks by dollar volume decreased 17.1 percent month-over-month in October. Cash out refinances are down 27.6 percent month-over-month and from one year ago volume is down 87.2 percent, while rate/term refinance volume has dropped 93.2 percent from 2021.”
FEATURED TRADESHOWS

NAR NXT, The REALTOR® Experience

November 11-13, 2022

Orlando, FL – Orange County Convention Center

author Carl Holman

Written by

Carl Holman

Communications Manager

As A&D Mortgage’s Communications Manager, Carl Holman has more than 20 years of expertise in marketing, media relations, and communications, having spent 10 years of his career in mortgage lending and real estate. He holds a Bachelor’s in Journalism and Mass Communications from the University of South Carolina.
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