Maximize the Rate Environment and Seize Refinance Opportunities

Wed. Dec. 13, 2023 ended on a positive note for lenders as the Federal Open Market Committee and Federal Reserve Chair, Jerome Powell, made clear statements that rate hikes are completed and they intend to make several rate cuts in 2024. This crystal clarity should introduce stability to the market with a continual downward trend in mortgage rates through next year—and lenders should expect an increase in refinance activity. Total Expert has consulted with CEOs and production leaders this week and there was more optimism in the air than there has been all year. Total Expert Founder & CEO Joe Welu and Chief Lending Officer Dan Catinella sat down to discuss the importance of seizing this opportunity to maximize refinance activity now.