Fannie Mae, the leading source of liquidity for housing in America, found increasing optimism about the mortgage business in its quarterly survey of lenders' sentiment. The survey conducted in the first quarter of 2015 revealed that lenders expect both mortgage demand and their profit margins to grow over the next three months, compared with the fourth quarter of 2014.
Although there might be seasonal influences, more lenders expect that the higher demand will extend to all types of loans; due to this fact, increased optimism was present. Seventy-one percent of lenders are expecting purchase mortgage demand to go up over the next three months, compared with the 59 percent that was reported during the same quarter last year. It was reported as well that the credit tightening observed last year has continued to lessen. Compared with the general population of consumers, senior mortgage executives continue to be more enthusiastic regarding the overall economy. Twenty-eight percent of lenders declared that it would be simpler and more probable for a consumer to get approved for a loan this year.
For all of your real estate needs, and if you are ready to take the next step towards purchasing or selling your new home, contact Cook Real Estate Services today at 678-207-1505, or you can e-mail us at info@CookRES.com. Whether you are buying or selling, one of our trusted professionals will be there to help you every step of the way.
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