If you need assistance, please call 407-288-5182

Refi Surge Boosts Lender Sentiment

Friday, July 10, 2020   /   by Erik Bjorklund

Refi Surge Boosts Lender Sentiment

The continued high volume of refinancing
kept mortgage lenders' outlook for profits relatively high during the second
quarter, although it was down slightly from the first quarter of the year.
Fannie Mae's Mortgage Lender Sentiment survey found that more than half (52 percent)
of lenders who responded believed that their profit margins would be higher
than the prior quarter
, while the remainder were almost equally divided between
those who expected lower profits or that they would remain unchanged. The
survey of senior mortgage executives was conducted between May 5, 2020 and May
18, 2020. The lender optimism was based largely on
the demand for refinancing
, which outweighed a perceived decline in mortgage demand.
The net share of lenders reporting demand growth for refis over the prior three
months remained strong for all loans types (GSE-eligible, non-GSE-eligible, and
government) and reached a survey high for GSE-eligible loans. Demand growth
expectations on net for the next three months fell from last quarter but
remained high across all loan types. 


...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804

© 2021 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.4/12/2021 7:42 PM CST
This site powered by CINC: www.cincpro.com