What to Expect With Financing in Q3
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Ward: “We don’t see indications that a reasonable increase in rates will dramatically affect the mortgage-lending industry.”
NEWPORT BEACH, CA—How will an anticipated interest-rate increase over the next few months affect thefinancing landscape for the third quarter? MetroGroup Realty Finance’s founder Patrick Ward weighed in on the subject exclusively with GlobeSt.com and gave his take on emerging trends in the financial market.
GlobeSt.com: What do you anticipate the financial market will look like in Q3?
Ward: There are two driving factors that will define the financial landscape in the next quarter. First, the amount of capital supply available in the market remains strong, continues to grow and by all reports from the lenders that we represent, remains very competitive. However, over the next few months, we anticipate the recent 50-basis-point increase in rates will remain at these new levels. We don’t see this minor increase in rates at a level that it will affect momentum or volume…
