DECEMBER
Over the past six weeks, the yield curve for 3-7 year terms increased over 1.0%, while 30-year rates fell consistently over the past four weeks. Additionally, despite the usual seasonal slowdown in overall loans priced due to the holidays, LoanNEX achieved a milestone in November with a record-high lock volume of $1.6 billion.
NOVEMBER
LoanNEX saw record highs in loans priced, user engagement, and locked loans with strong demand for broader product sets, including second liens. The yield curve flattened as 3-7 year rates increased. Additionally, 30-year rates have returned to 7+% over the past month with a slight decline over the past week since the election, driven by market liquidity.
OCTOBER
Market volume projections are growing with declining rates through 2026, as demand for Second Lien products holds strong with more investors offering HELOC options. Join Eloise, CEO & Co-founder of LoanNEX, for Market Minutes as she breaks down key trends and shares valuable insights that can help you guide your business decisions.
SEPTEMBER
Rates are moving, refi activity is up and Non-QM volume continues to grow. Join Eloise, CEO & Co-founder of LoanNEX, for Market Minutes and stay ahead with expert analysis and practical takeaways that can help guide your business decisions. Don’t miss out on key updates from a trusted industry leader!
AUGUST
Volume continued to be strong in July with seasonality and from lower rates. Both short and long term rates improved in July driving refi activity and opening the purchase market a bit more. MBA projections for 2024 and 2025 remain stable, with expectations for two to three rate cuts this year still intact. The anticipated easing of rates is expected to drive growth in mortgage volume, especially for refi loans, with this positive trend likely continuing through 2026.
JULY
MBA Forecast for 2024 total volume continues to be reduced as projected rate reductions are not being realized. The 30-year rates have risen over the past month while shorter term rates have fallen. LoanNEX Gold Pricing Index for NonQM pricing continues to tighten to Agency 30-year fixed pricing. The LoanNEX DSCR Pricing Index has converged with LoanNEX Gold Pricing Index as institutional demand for buying investment property loans continues to grow.
JUNE
Trends across the Non-Agency industry remain strong in both Non-QM and Prime Jumbo. Non-QM interest rates have decreased slightly over the past month, indicating strong investor demand, however agency pricing has seen a slight uptick. This tightening can be attributed to the strong liquidity in the Non-QM market including Second Lien. Second Lien products continue to be a go to option for borrowers to tap the equity in their homes while today’s higher rates keep refi options from making economical sense.
MAY
The Non-QM market is always changing, and the first few months of 2024 are no different. LoanNEX is your resource for staying on top of trends and having access to all the market options.
APRIL
Loan scenarios priced on LoanNEX hits a new milestone of over 40,000 unique loans. Volume growth remains robust across all channels, with wholesale volume witnessing a remarkable 16% month-over-month increase.
