#mortgage-market

#mortgage-market

If you look at the mortgage forecasts, it depends on which one you choose, but they're up anywhere from 8% to 25% based on the Fannie Mae and MBA numbers, Brown said during a webinar with Fitch Ratings. That would be very good for this industry. Brown said 2025 ultimately resembled 2024, although conditions improved in the latter half of the year as inventory increased and mortgage rates eased, but not as much as some of us would like.

Mortgage rates are just about 10 basis points lower than they were a year ago, but the median home price nationally hit a new record high in June.

Rathi emphasized the need for regulatory flexibility, suggesting that the mortgage charter, while initially necessary, may now hinder economic growth and business competitiveness.

The Financial Conduct Authority (FCA) has released a discussion paper outlining the potential benefits and risks of rule changes, aiming to support wider access to sustainable home ownership.

Non-QM loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership.