Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. 

”Your interest rates are going to be higher for longer,” he said. ”This year will look a lot like last year. Next year is going to look a lot like this year. [Interest rates] may be 20%, or it may be 30% or more. Guess what? That’s not enough to change your life, your business, your margins. So, start making money details ⇒

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