In response to the booming U.S. job market and
inflation at a 40-year high, mortgage rates have
risen by more than 1.5 percent since the beginning
of 2022 – surging well above the six percent range
in June of this year. These rising rates have calmed
the booming housing market and further reduced
mortgage demand. A large cohort of young,
would-be first-time homebuyers are being priced
out of homeownership due to sky-high rates, and
mortgage application volume has fallen to its lowest
levels in 22 years.
So, how can lenders stay relevant and profitable
in a rapidly rising rate environment?
In this eBook you'll learn: