With mortgage rates trending downward, now is the time for mortgage professionals to gear up for a surge in refinancing activity. As rates dip into the mid-6 percent range, opportunities to help your clients refinance are on the rise. However, the key to capitalizing on this wave is preparation.
According to industry experts like Todd Sheinin, Vice President of Strategy and Development at Primary Residential Mortgage Inc., the excitement is palpable across the mortgage landscape. Loan officers, consumers, and real estate agents alike are eagerly anticipating the busy days ahead.
While August may typically be a slower month in the mortgage industry, this year is proving different. As rates continue to decline, mortgage originators are already noticing an increase in interest and applications. The average 30-year conforming mortgage rate recently dropped below 6.5 percent, signaling a cooling U.S. economy and setting the stage for increased refinance activity.
Now is the time to reach out to those clients who secured mortgages when rates were over 7 percent and offer them a better deal. To do this effectively, you need the right tools at your disposal.
The Warren Group offers powerful solutions to ensure you’re ready to meet this demand. Our Direct Marketing Lists and RE Records Search provide you with the comprehensive data you need to identify and reach potential clients, ensuring you’re at the forefront of this refinance surge.
Don’t miss out on this opportunity to grow your business. Equip yourself with The Warren Group’s industry-leading data solutions and be prepared to guide your clients to better mortgage deals as the market shifts.
Get Started Today: Contact us to learn how our Direct Marketing Lists and RE Records Search can help you stay ahead in the evolving mortgage landscape.
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