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Lenders are starting to emerge from a brutal fourth quarter, however this 12 months’s spring market has given them no reprieve.
Mortgage purposes stay 35% year-over-year, in keeping with the Mortgage Bankers Affiliation, whereas charges nicely above 6.5% have hit their highest level since March. The mud has settled from the earlier banking disaster, whereas housing gamers stay break up on methods to proceed in at present’s financial atmosphere.
Brokers are nonetheless citing some victories, nonetheless, whereas regulators have given the trade some respiration room. Learn on to study what’s on the minds of trade professionals this month.
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