General World News

Don’t expect a significantly better mortgage market in 2024: Piper Sandler

The mortgage market should improve in 2024 due to a combination of competitive pressures easing and mortgage demand picking up from historical lows last year, according to a note from Piper Sandler, a leading investment bank.

But don’t expect profitability to be significant compared to long-term historical averages as home prices still remain high.

Mortgage rates have softened in the past couple of months, leading to a slight decline in the median mortgage payment and a pickup in mortgage demand.

But even if mortgage rates dropped to 4%, the median monthly details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com