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What's NewThe Immediate Outlook 2010 Q1 Data Now Available April 2010 New Home Sales |
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Residential LendersResidential Lenders Ranked by Total Volume
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Residential ServicersResidential Servicers Ranked by Total Servicing Volume
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Macroeconomic EnvironmentMortgage EmploymentExisting Home Sales | Housing Starts | New Home Sales Source:Bureau of Labor Statistics/MortgageStats.com |
AnalysisThe Immediate Outlook: The Industry Will Turn on Rates and JobsBy Paul Muolo
Perhaps what we stated in the above paragraph is obvious to readers of MortgageStats.com and its publisher, National Mortgage News. Perhaps, not. But jobs are the key to any sustained recovery in housing and mortgages and this fact is worth repeating — often. It's what this business is all about. Few can argue with that. In that spirit, here's 10 mortgage-related things you need to know right now: Click here for more. |
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StatesTop States by Lending Volume
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CountiesTop Counties by Lending Volume
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Metropolitan AreasTop Metropolitan Areas by Lending Volume
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Waiting for the mortgage and housing industry to return to solid growth may be a bit like waiting for Godot, but there is hope and it lies with low interest rates. The yield on the 10-year Treasury continues to hover at the 3% range, occasionally falling a little above or below that line. As any veteran mortgage banker knows, as interest rates go, so goes the mortgage industry. But there is one other key ingredient that feeds the prospects of this industry: the unemployment rate, which continues to hover at 9.5%. If more Americans don't get back to work — and start buying homes — the residential finance sector will suffer.