Overall, the mortgage rate forecast for September is positive, with rates continuing to fall, though some factors could slow the downward projection and even cause rates to rise slightly. As the Federal Reserve held it’s monthly meeting last week, 30-year fixed-rate mortgages were at 2.977% and 15-year fixed-rate mortgages remained at 2.541%. Here are three things you should know for … Read More
How to Make Your Mortgage Lender Business Irresistible to First-Time Homebuyers
If you are a mortgage lender and you want to attract first-time homebuyers, you must stand out from your competitors. These tips will help you differentiate your business and draw in clients who are new to the market. First-time buyers account for a large portion of the realty market. In 2019, they made up a third of all homebuyers. As … Read More
4 Tips to Tell Your Clients So They Can Save on Their Mortgage Loan
As a mortgage loan originator, you need to provide your clients with value. When you offer them value, your clients will be more likely to use your services again and recommend you to others. The question that you should be asking yourself, then, is this—what can I do that will help my clients? We’re talking tangible value, here. What is … Read More
5 Mortgage Trends to Keep an Eye on for the Rest of 2020
Despite everything that 2020 has thrown at us, this year has been a solid year for MLOs and others in the mortgage industry. The mortgage trends that we have seen so far have demonstrated that the outlook for the housing market is healthy overall. But what does the rest of the year hold for the mortgage industry? That is the … Read More
How Mortgage Lenders Can Grow Referrals from Homebuyers
Mortgage lenders should strive to make a lasting impression on their clients. The resulting referrals are well worth the effort. In addition to marketing your business to potential clients, as a mortgage loan originator, you also need to tap the clients you already have to get more business. Referrals are one of the most effective ways to land new clients … Read More