Recent Fed Rate Hikes Offer An Unexpected Diversification Opportunity For Mortgage Lenders

• Aug 1, 2022

For months, mortgage industry leaders, reading the economic tea leaves, have been making a concrete effort to diversify their products and services. With rising interest rates, home price appreciation and a lack of available homes shrinking the market of eligible new homebuyers, they?ve been looking for new revenue sources. Ironically, those rising interest rates which are deterring potential homebuyers may help lenders come up with other offerings that capture coveted Generation Z borrowers (born from 1997-2012) earlier than ever?and keep them from defecting to other banks when they need a mortgage in a few years. Examples o...

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