Posted To: Pipeline Press

The demand for shipping on the Suez Canal never stopped. (Do you think this conversation ever took place on the bridge of the Ever Given? “I bet you can’t turn this thing around in the Suez Canal!” “Really? Here, hold my beer.”) Mortgage pricing, as with so many things, is a factor of supply and demand. There are only so many units with a view of Central Park. Not only do MLOs compete against other loan originators within their company (in a friendly way, usually), but also against other lenders AND against all-cash transactions. The MBA’s Chief Economist Dr. Michael Fratantoni recently reminded me that NAR’s latest stats showed that all-cash buyers accounted for 22 percent of deals in February . And don’t forget that on the demand side of the…(read more)

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Source: Mortgage News Daily