Mortgage Market Pulse | December 16, 2024
💡 Quote of the Week
"In a changing market, your adaptability is your greatest asset. Knowledge isn't just power—it's your competitive advantage." - Marcus Rodriguez, Senior Mortgage Strategist
🏘️ Mortgage Market Snapshot
Pro Networking Tip: Create a Zeitro Microsite to showcase your expertise in navigating these market fluctuations. Use the Rate Quote and Affordability Calculator widgets to demonstrate your value to potential clients and real estate partners.
🏦 Interest Rates: The Fed's Strategic Moves
The Federal Reserve is expected to lower interest rates by a quarter point in December, marking the third consecutive rate cut. While this signals potential easing, mortgage rates remain relatively stable.
Zeitro Tool Spotlight: Use Zeitro's Pricing Engine to help clients navigate the complex interest rate landscape. The AI-powered tool can provide instant, personalized insights into how rate changes might affect their specific loan options.
📈 House Prices: Steady Climb Continues
The Case-Shiller National Index shows a robust 3.9% year-over-year increase in September, maintaining its upward trajectory. With 20 consecutive months of month-over-month growth, the housing market demonstrates resilience.
Pro Tip: Leverage Zeitro's Affordability Calculator to help clients understand how these price trends impact their home-buying potential. Use the tool to create personalized scenarios that show how slight market changes can affect their purchasing power.
💰 Homeowner Equity: A Stabilizing Force
Negative equity remains low at just 1.8% of mortgaged properties. With substantial home equity and fixed-rate mortgages, the market shows strong fundamentals.
Business Growth Strategy: Use these equity insights in your client communications. Leverage your Zeitro Microsite to position yourself as an industry expert and trusted advisor.
🌟 Loan Officer Development: Weekly Growth Tip
Key Takeaway for Loan Officers: Embrace technology, stay informed, and use tools like Zeitro to streamline your workflow and provide exceptional client service.
Zeitro Application Intake Pro Tip: Simplify your onboarding process by using Zeitro's Application Intake tool. Reduce friction, save time, and create a smoother experience for your borrowers.
Powered by Zeitro - Empowering Mortgage Professionals with Intelligent Solutions
New Lender Partnerships: Powering Your Growth
Exciting news for Zeitro users! We've added two dynamic lenders to our Rate Pricing System:
Pro Tip: These new integrations offer expanded opportunities to:
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Mortgage | December 16, 2024
Refinancing surge to boost nonbank mortgage lenders in 2025
The outlook for US nonbank mortgage companies in 2025 is looking brighter, according to Fitch Ratings. Lower interest rates, increased mortgage origination volumes, and stronger gain-on-sale margins are expected to boost operating results across the industry.
Fitch said industry consolidation, which has reduced non-bank mortgage capacity by 35% since April 2021, will likely benefit larger, more competitive lenders.
Fitch estimated that $1.9 trillion in outstanding mortgages with rates above 6% will become...
Economy | December 16, 2024
Treasury yields are little changed as investors prepare for a potential Fed rate cut
U.S. Treasury yields were little changed on Monday as investors looked ahead to the Federal Reserve’s final meeting of the year this week.
The 10-year Treasury yield was last higher by less than 1 basis point at 4.407% after topping 4.4% on Friday. The 2-year Treasury yield was also...
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