#2684: 2021 Fall Mortgage Update - Where We Are and What's Ahead...

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Enjoy the clip above and be sure to watch the full episode located below the show notes.

CU Members Mortgage Executive Sales Consultant Rick McLaughlin joined us for our latest Mortgage Monthly LIVE show, brought to you by CU Members Mortgage, discussing the fall mortgage industry update -- where we are and what's ahead.

Rick discussed what has changed the last six months and how those changes have impacted credit union mortgage lending and the housing market. He talked about the new Delta variant, recent natural disasters (hurricanes and forest fires), as well as supply shortages and home inventory challenges.

Rick also addressed the looming decline in mortgage lending in 2022 and 2023, but the purchase money mortgages should remain at current levels -- even as interest rates are reported to inch upward in the next year. So the mortgage lending business still looks good today and should be for the foreseeable future,  which bodes well for credit unions already serving members in this area or plan to start.

Much, much more in this episode with Rick. Really great conversation on a hot topic affecting credit unions today. Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.

Don't forget to tune in next month (October 25 at 9 a.m. PST) for CU Members Mortgage's Mortgage Monthly LIVE when Yvette Harrod will be on talking about "Tackling Mortgage Processing: What It Takes to Win Big!"