Downloadable Home Price to Income Ratio Map HERE
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According to the Federal Deposit Insurance Corporation’s latest quarterly report, U.S. banks are facing unprecedented challenges. The Federal Reserve’s aggressive interest rate hikes have led to staggering unrealized losses on investment securities – reaching $515 billion in the most recent quarter. While this represents a slight improvement from previous quarters where losses exceeded $600 billion, the cumulative loss over the past six months has surpassed the trillion-dollar mark.
Understanding the impact of these losses requires knowing how mortgage loans work in the market:
An interesting trend emerges when looking at home affordability in major U.S. cities:
Recent surveys indicate veterans are showing stronger intentions to purchase homes in the coming year compared to civilian buyers. This presents an opportunity for industry professionals:
While the banking sector faces significant challenges, understanding these market dynamics helps industry professionals better serve their clients. The key is staying informed and adapting to changing conditions while looking for opportunities in specific market segments like VA loans.
For more information or specific questions about VA loans, reach out to your industry partners or visit mortgageshots.com. Email us at: mail@mortgageshots.com or simply use the chat function in the lower right corner of this page.