Posted by Bear900/CA on 12/11/13 10:19am
Msg #495775

Something to Prepare for in 2014

"The MBA has come and said that they expect a 32% drop in mortgage origination business. They say that they see mortgage interest rates in the 5��s which will put a pretty big cramp in the refinance business."

http://thenationalrealestatepost.com/2014-looks-at-32-drop-in-mortgage-originations/

Reply by C. Rivera Chicago Notary Services on 12/11/13 12:22pm
Msg #495796

yes, that is the general consensus among lenders

right now...business is going to be very slow for a while during the January - March 2014 months.