Tag Archives: latest trends in mortgage industry

Top 5 Trends to Watch in the Mortgage Industry in 2021

Top 5 Trends to Watch in the Mortgage Industry in 2021

Posted on April 22, 2021

The global pandemic has changed the world we see. It has changed the business scenario, especially the mortgage industry. It broke records in the pandemic year. In the same year, there were actions by Federal Reserve which brought interest rates to record-low levels. It was a year where people worked from home, which is continued. As a result, people spent more time at home upgrading their space. This is also increased the mortgage demand. This shift in consumer behavior has made people wondering what’s there in the store in 2021 for the mortgage industry.

  • Mortgage Rates will rise in 2021
    In March 2020, amid nationwide lockdown, the Federal Reserve dropped the Federal Funds rate to the lowest. With the intervention of the Fed, mortgage rates hit the lowest in 50 years, according to Freddie Mac. According to Freddie Mac, the 30-year fixed mortgage will see a slight rise, and rates are expected to be around 2.9% in 2021
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Mortgage Industry Trends to Watch Out for in the Coming Times

Top Mortgage Industry Trends to Watch Out For in the Coming Times

Posted on March 22, 2018

The housing industry is definitely one to watch out for this year. Don’t agree with us? Check out the below-listed points:

  • Prices are expected to climb, but not as quickly as they generally do
  • More homes could be available at the end of the year, providing home buyers much variety and a greater collection to select from
  • Homebuyers will have more equity to borrow out of

However, in other ways, the coming times could continue to be hard, particularly for buyers. Listed below are top mortgage industry trends to watch out for in the coming times.

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