On this episode, I get to sit down with Michael Fratantoni, Chief Economist and Senior Vice President of Research and Industry Technology at the Mortgage Bankers Association. Michael dives into his forecast for 2019, shedding light on his perspective of what’s going to happen nationally in the economy and how that relates to mortgages and real estate as a whole. Tune in to find out more!
[:37] Jennifer introduces her guest for this episode — Michael Fratantoni.
[3:34] What does the current economy look like and what does Michael predict will happen in 2019, in terms of growth?
[6:42] What would Michael say to real estate agents or consumers to help them get over their fear mode?
[12:03] What are Michael’s thoughts on buyers taking higher home prices at lower rates today, rather than waiting it out?
[17:20] One of the topics that have recently been very popular is the reintroduction back into the market of 2-1 buydowns. Michael shares his insights from a risk perspective.
[21:15] What are some issues to be aware in the housing industry going into 2019?
[23:55] Michael and Jennifer discuss expectations for the real estate market.
[29:17] What are some changes that are happening in the lending market?
[31:37] What is going to happen with FHA premiums?
[32:39] Jennifer and Michael talk about different philosophies different lenders subscribe to.
[35:05] How important is it for lenders and real estate agents to communicate with and educate the consumers?
[37:20] Michael shares some thoughts about the challenges in the mortgage space.
[39:25] How will the presence of online lenders impact the market? Will competition push more companies toward mergers?
[44:57] Michael shares his final thoughts on the general environment going forward.
[50:01] Don’t forget to get your download of Michael’s presentation!
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