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4 Factors Changing US Mortgage Market

The U.S. mortgage market has had a rough go of it in the first quarter of this year, with mortgage volumes in Q1 down 60% on the year.

This came on the back of the severe winter, higher mortgage rates, and regulatory uncertainty.

But the mortgage market is changing.

Since the middle of 2013, the U.S. mortgage market has slowly been “undergoing a major reset from a refinance- to a purchase-driven market cycle,” writes Anand K Nallathambi, president of CoreLogic.

via 4 Factors Changing US Mortgage Market – Business Insider.

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