MReport December 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Highs and Lows In this month's Final Thoughts, industry SMEs discuss the trends and challenges defining the landscape as we close out 2021. Here's what people are talking about this month. "extremely difficult" Lawrence Yun, Chief Economist, NAR, discussing how continued elevated home prices are keeping homeownership out of reach for some. "context matters" Odeta Kushi, First American Deputy Chief Economist, regarding interest rates and purchase demand and what an improving economy can mean for future rates. "sharp shi" Scott Happ, President of Black Knight Secondary Marketing Technologies, on the dynamics of the refinance market and how interest rates have lowered the number of rate/term refis to cash-out lending. "fifth straight decrease" Joel Kan, MBA's Associate VP of Economic and Industry Forecasting, regarding the drop in refi activity to its slowest weekly pace since January 2020. "no sign of slowing" Danielle Hale, Chief Economist for, on the trend of rising interest rates.

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