Searching for positivity in the mortgage industry as Q1 winds down… I’m still looking.
Tax reform (for some) has made owning a home more expensive, refinances are down 34% from last year, it’s a purchase market, but we’re in a housing shortage and of course… rates are at their highest level in years despite dropping a smidge last week. Wow… so what your saying is it’s a tough time to be in the mortgage industry? I think for some the answer is most certainly… yes. Margins are thin and to counter that, lenders are compressing (what a nice way to say downsizing) c