Real estate
fromwww.housingwire.com
6 days agoFannie Mae: Consumer housing sentiment slips in August
Buyer sentiment improved in August as more consumers said it was a good time to buy, while seller optimism and price expectations weakened.
Mortgage rates have traded lower for now, which is a win for borrowers and lenders, said Geno Paluso, CEO at mortgage servicing software company Sagent. But lenders must stay prepared for continued rate volatility as the Fed and markets balance unemployment and inflation risks. Kevin Peranio, chief lending officer and partner at Paramount Residential Mortgage Group (PRMG), added that softening labor conditions are fueling the downward trend in mortgage rates, creating more revenue for larger lenders to invest in artificial intelligence and operational efficiencies.