2024 was a year of significant shifts in the mortgage market, marked by a long-awaited drop in interest rates. This pivotal change, coupled with evolving borrower profiles and the high use of technology, presented both challenges and opportunities for industry professionals. In our special year-end edition of the A&D Market Digest, we invited Alex Suslov, Head of Capital Markets, Brennen Moloney, Underwriting Team Lead, and Edward Webb, Wholesale Account Executive, to explore the key trends, opportunities, and challenges that shaped 2024 and what we can expect in the year ahead.
Key Highlights
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Unlock Rewards- The rise of Millennial and Gen Z borrowers and how they’re reshaping market demands
- Why Non-QM loans have become essential in today’s landscape
- How rate reversals influenced refinancing trends in 2024
- The factors behind FHA loans and Non-QM products dominating borrower preferences in 2024
- The latest innovations in mortgage technology and how they’re reshaping the industry
- Refinancing as an expected market trend in the coming year
- Intense competition and other potential challenges in 2025
- Expert strategies for overcoming challenges and seizing opportunities in the new year
Watch the full episode of A&D Market Digest. Seize this opportunity to explore the trends and challenges so you can better position yourself for success in the new year.
Mortgage News
- NMP – Home Expenses Biting Off Larger Chunks Of Buyers’ Incomes. Today, the Mortgage Bankers Association (MBA) reports that homebuyer affordability fell in November. The national median payment applied for by purchase applicants increasing 0.3% to $2,133 from $2,127 in October.
- Scotsman Guide – Mixed signals about the state of the housing market. Existing home sales showed continued strength in November, rising 4.8% from the previous month to a seasonally adjusted annual rate of 4.15 million units, according to the National Association of Realtors (NAR). November’s rate was the fastest pace since March when the annual rate reached 4.22 million.
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