Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
Industry experts believe mortgage rates will remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the mortgage market. In turn, this will force some lenders to think out of the box to attain profitability. On Wednesday afternoon, the Federal Reserve announced its decision to maintain its short-term policy interest rate at a [...]read moreRates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
