In this training session our CEO Shubha Dasgupta takes us through the weekly market update. He kicks off the meeting with rate updates for Prime Lenders and Alt Lenders. He highlights the rate percentage for insure, insurable, uninsured and rental. Inflation has dropped, and this ease has been felt throughout our day-to-day life. The effect of unemployment and the risk that it has on the housing market is currently at a low and that’s a good sign.
He also highlights the stability of mortgage rates. Fixed rates high and bond yield, along with bank preferences between higher margins vs market share was also explained. 60% of first-time homebuyers utilize gifted-down payment in order to get into a new home, however, there are some litigation that can affect parents. Agents have to be vigilant and understand the situation in order to best advise clients. The rental market, along with ways in which agents can help potential clients plan accordingly for home buying was highlighted.
Social Media Content
One of our priorities here at Pineapple is to ensure that you are all remaining compliant in your mortgage business. While we understand you may all have a different style of marketing/advertising your mortgage business, we are sending this email as a reminder that you are ensuring that you are keeping aligned with the mortgage industry public relations and advertising requirements as per the link.
Please take a moment to read the attached link to ensure that you are adhering to the Mortgages Brokerages, Lenders and Administrators Act 2006 (MBLAA) and its regulations.
Please reach out to Diana at firstname.lastname@example.org if you have any questions.