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Is this because individuals aren't as interested in buying houses, or because investors are buying more of them (and don't need financing)?

• jsiaajdsdaa 5y ago
  It's because interest rates are high (5%) and house prices are also high (millions). Less people are buying right now compared to this time last year which was a genuine frenzy at 2.8% rates.
• anm89 5y ago
  It's because the refi boom is done. Every time rates hit a new cycle low, people rush to refi and lock in that rate. On the way out of one of those cycles everyone's already locked into low rates. There's nothing left to refi. The last 3 years have been a gold rush for the refi business. That and we are probably in a general housing slowdown off the highs which is related to the first point anyway via rates rising.
  • bombcar 5y ago
    This is exactly it - house purchases could stay the same or even go up but once rates start climbing, refis almost entirely disappear, so the total number of loans originated slows way down. Something like 25% of loan holders refinanced during Covid.
• refurb 5y ago
  What kind of an investor wouldn't use leverage when rates are this low?!?