It's time to take a look back at the stories that shaped the week and impacted the industry with MPA's Weekly News Roundup.
This week has been a big one for the mortgage industry, with new figures showing originations remained strong in April. But rising rates have made the outlook for coming months' data murky. While industry experts have predicted originations will remain strong for the time being, it will be some time before the impact of skyrocketing mortgage rates is fully known.
Rates continued to be the dominant story this week, with a recent report noting that home sales may not feel the brunt of rate rises until rates hit 6%. But demand could remain high, due to institutional investors executing buy-to-rent strategies, effectively keeping purchase inventory off the market.
And while residential inventory may be in dire straits, an economist has argued that industrial warehouse demand could be driven by mooted expansions in the shipping industry.
For a complete look at what's made news this week, CLICK HERE for MPA's Weekly News Roundup