Industry NewsMortgage

Interest rates chief real estate worry

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Mortgage broker Ginger Engle isn't overly concerned about interest rates because she doesn't believe they'll go up quickly enough to have a big effect on her business. But rates are definitely a topic she hears a lot about. "The customers are more worried about it," said Engle, who works for Monarch Mortgage in Asheville, N.C. That intense interest in loan rates echoes views expressed in "Gray Skies or Sunshine?" a recent survey of mortgage brokers conducted by Informative Research. Eighty-six mortgage brokers from various states completed the telephone survey, which asked them about their top concerns for this year and how they have positioned themselves for changes in the market. Interest rates ranked as their chief concern. The survey findings may not be applicable to the mortgage industry as a whole, but can serve as a tool for understanding the thoughts and concerns of today's mortgage brokers, researchers explained. The survey was prompted by fluctuating interest rates, pendin...