With Kamala Harris now the frontrunner to replace Joe Biden as the Democratic nominee, industry experts ponder how closely her housing strategy might mirror that of the current administration.
Interest rates on mortgages declined in May and June but demand for purchase mortgages remained constrained. Industry participants aren’t optimistic that production will pick up much through the rest of the year.
The second quarter offered a “shockingly flat” environment for the asset value of mortgage servicing rights. But with interest rates beginning to creep lower, the third quarter could be a different story.
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