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Lenders’ outlook for 2017 dimming

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Mortgage Professional America | 19 Dec 2016, 08:15 AM Agree 0
Lender sentiment has plummeted as mortgage rates have risen, with optimism about the next few months at record lows, according to new data
  • Michele | | 19 Dec 2016, 03:27 PM Agree 0
    We have known this was coming for a long time. Yes, refinance business will decline, but this could spur a fresh round of purchases.
  • Jenn | | 19 Dec 2016, 07:19 PM Agree 0
    Completely agree. This is the time to build and secure your Realtor relationships.
  • MTG Veteran | | 20 Dec 2016, 10:39 AM Agree 0
    With a historically high number of borrowers with DTI's above 43%, a continued rise in rates will flatten real estate prices absent a growth in personal incomes. There is a limit to what the borrower can afford and artificially low rates have driven up real estate prices.
  • rereality | | 21 Dec 2016, 12:23 PM Agree 0
    Mortgage industry recession time. Looks like a ton of MLOs will be squeezed out and mortgage cos will fold. Less qualified buyers and declining home value in certain areas. Builders are in trouble. It's a buyer's and investor's market now.
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