Becoming a Market and Financing Expert
In This Chapter
• An overview of the two mortgage markets
• The economic trends you can’t ignore
• Financial markets beyond our borders
• What’s happening in your local housing market
Being a mortgage broker is more than just crunching numbers. You’ve got to become a financial analyst, studying the local, national, and international economic trends that will impact mortgage rates. You need to understand your own local housing market so you can advise your clients about their eligibility, preferably before they begin shopping for a home in your area.
In this chapter, you’ll learn how mortgages are financed and how to interpret the economic trends that affect rates.
The ABCs of the Mortgage Markets ...