At sales meeting presentations over the past few months I have predicted two things and been wrong both times.
1. I said rates would go up. Well, they went down. And since I'm resolving not to predict them again I will just say that I hope they stay down.
2. I said that we may be at the end of the underwriting tightening. I thought this was a pretty safe bet since I couldn't imagine lending restrictions could get tighter. Well, I was wrong again. Underwriting has continued to get tougher.
But no worries here! My team and I successfully reached the closing table 9 times this month (all purchases). Bring on to June! Where we will be back to double digit purchase transactions!
Happy Memorial Day Weekend.
