Lenders Predicting Increased Demand, Higher Profits in 2015
Fannie Mae found in its most recent quarterly survey of lenders’ sentiments that there is lots of optimism surrounding the state of the mortgage industry as we continue to move further into 2015.
The report found that, compared with the fourth quarter of 2014, the lenders surveyed expect “both mortgage demand and their profit margins to grow over the next three months,” according to Mortgage News Daily.
Additionally, more than 60 percent of lenders interviewed said they expect home prices to increase over the next 12 months, at an average estimated increase of 2.4 percent.
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