3 Stocks to Buy From Prospering Mortgage & Related Services Industry
Onity Group Inc.(ONIT) ZACKS·2024-11-14 00:06
As the Federal Reserve keeps lowering interest rates, the Zacks Mortgage & Related Services industry will benefit from the improving trends of purchase originations and refinancing volumes. This will be led by a gradual decline in mortgage rates. However, with rising competition, mortgage servicers continue to be under pressure as they are required to resort to price-cutting, leading to a reduction in sales margins. Nonetheless, with the declining interest rates, the demand for mortgages will improve, there ...