Despite low foreclosures and strong employment, today’s mortgage market restricts access through high credit requirements and interest rates, creating an affordability crisis for new buyers.
The Formula Mortgage Capital Corporation team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area.
The latest housing data reveals rental households growing three times faster than homeowner households, but beneath this challenging statistic lies a golden opportunity for lenders who know where to look.
As rates increase and mortgage applications drop, can we still be optimistic?
The reported election of Donald Trump as the 47th president, along with Republican gains in Congress, is already impacting mortgage markets with rising Treasury yields and rates, while industry stakeholders prepare for potential shifts in housing policy and regulation.
In a controversial CFPB settlement, Chicago-based Townstone Financial faced modern-day redlining charges over radio show hosts’ childhood grocery store memories, while industry-standard loan pricing adjustments that systematically affect borrower costs based on credit scores and loan-to-value ratios remain unchallenged.
While most markets stabilize after inflation, housing continues to buck traditional economic trends as Baby Boomer wealth transfers and historically low inventory reshape who can buy homes and when.
A high-level mortgage industry perspective on current housing market trends and potential recovery signals, featuring exclusive insights from National Association of Mortgage Brokers leadership.
In today’s market, while high interest rates have reduced buying power, data shows recent homeowners gained $158,000 in wealth through their purchase.
Easy message today – Be Okay being you.
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