The mortgage market is buzzing with positive changes, and there’s a wealth of opportunities out there for mortgage brokers. But how do you adapt and innovate? Mark Glaser, a seasoned mortgage pro and A&D’s Wholesale Team Manager, talks about it in the latest episode of A&D Digest! From falling rates and FHA premium cuts to real-life success stories and effective problem-solving strategies, this episode is packed with valuable insights to help you grow your brokerage business.
Key Highlights
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Unlock Rewards- How A&D Mortgage is leading the way by successfully closing Non-QM loans and offering competitive Conventional rates
- Falling interest rates as new opportunities for borrowers and brokers alike
- The recent reduction in FHA annual mortgage insurance premiums and how it benefits first-time homebuyers
- A real-life example of how A&D Mortgage’s smart approach turned a challenging situation into a success
- Playing through different scenarios as a way to find out the right solution for a borrower
- Expert advice on how to ensure smooth transactions and deliver exceptional service to your clients
The mortgage market is still in a state of flux, but with the right knowledge and strategies, you can thrive. Don’t miss out on this informative discussion to learn how to make the most of the current situation.
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Mortgage News
- NMP — Builder Sentiment Continues Decline In August. Builder confidence in the market for new single-family homes fell to 39 in August, down two points from a downwardly revised reading of 41 in July, the National Association of Home Builders (NAHB) and Wells Fargo reported in their latest Housing Market Index (HMI).
- Scotsman Guide – Lock-in effect is easing, but many still have rates below the average. Despite mortgage rates easing, most U.S. homeowners still hold rates below 6%, making them reluctant to sell unless rates drop further. The so-called “lock-in effect” persists for many, though life events and rising home values have motivated some to move despite higher rates.
- MPA – Mortgage rates fall, but buyers hold off. Despite a slight drop in mortgage rates, prospective homebuyers are hesitant to take action, leading to minimal changes in mortgage application activity. Many buyers are waiting for further rate decreases and increased housing inventory before moving forward.
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September 17 @ 1:00 pm EST
Join us for an insightful webinar featuring renowned industry expert Rick Sharga. In "Expert Insights: Fall Housing Forecast," Mr. Sharga will provide an in-depth analysis of the trends and shifts occurring in the fall housing market for 2024. Leveraging his extensive knowledge and experience, Rick Sharga will cover market predictions, examine the current economic factors impacting housing, and offer practical advice for real estate professionals, investors, and homebuyers.
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