Mortgage Blog

Mortgage Industry Updates in 2017

November 24th, 2016 7:07 PM by Eric Fang

When the interest rates are going up, they are going to have changes in the market:

1)Refi volume will drop about 40%. Purchase volume will pick up a little bit. 
Still not enough to compensate with the refi drops.

2)Average 30 yr fixed rate will be around  4.25%. So it might go up a little bit, but not that much.

3)Fed will increase Fed Rates twice in 2017.

4)HELOC business will pick up in 2017.

50Non-QM products will pick up

Posted in:General
Posted by Eric Fang on November 24th, 2016 7:07 PM



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