Changes In The Mortgage Business for 2022
By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
The Mortgage Business has Changed in 2022The mortgage business is changing in 2022 in a number of different ways. We are going to look at what is coming in 2022 for the mortgage business and the Real Estate business. Forecasting is not easy these days, especially when it comes to economics. For example, many economists who pay close attention to mortgage rates predicted that rates would reach around 3.5% by the end of 2021. In the second week of December, mortgage loan rates fluctuated around 3.1%. They are rapidly rising and are now closer to 3.375% at the time of this posting.Much of what makes predictions so challenging has to do with the inconsistent recovery from the pandemic. Last year, when mortgage rates started to rise in the summer, the Delta Covid strain came along and mortg...