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The Federal Reserve is now seriously considering cutting rates, which means mortgage. than 20% year-to-date on the back of reinvigorated consumer confidence. Consumer confidence and sentiment took.
Here are some sobering statistics. The majority of mortgage originators will likely see a 20-40% decline in personal income from last year. And if that is the worst that happens, they are the lucky ones. If rates go up, tens of thousands of mortgage originators will be leaving the business.
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