Competition is a main driving force behind the free market. For mortgage lenders, the influx of competition in recent years has been well-documented from a business perspective but the economic implications – particularly to interest rates – could warrant a closer look.
Fannie Mae Chief Economist Doug Duncan spoke with Dodd Frank Update about factors that could cause rates to increase in the foreseeable future, as well as several factors industry participants should monitor to be as prepared as possible for may be on the horizon.
Read on to learn more.