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LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry

May 07, 2024
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LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry

May 07, 2024
LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for the year, the company said in a Tuesday (May 7) earnings release. “Since our last call, the expectations for lower interest rates have been pushed out from early to mid-2024 to later 2024,” Frank Martell, president and CEO of […]