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It's not all doom and gloom in the world of independent mortgage brokers. The rapid rise in interest rates has had myriad effects on the entire residential real estate ecosystem, with independent mortgage brokers certainly feeling the squeeze. Higher rates have substantially cut into the…
Any market that pushes some businesses to the brink of insolvency also will create opportunities for others. Through numerous interviews with industry players, HousingWire assessed the rapidly changing housing market to determine who remains vulnerable to the higher-rate environment, and who’s primed to capitalize in the months ahead.
The Fed's move to increase interest rates by 75 bps will cool down a housing market that was already losing steam. Here's what LOs and economists expect to happen.