Thanks to a 75 Basis Point Spike in Rates, Outlook for MSR Sales Improves; However, Some Buyers Remain Cautious
December 15, 2016
Roughly $20 billion in mortgage servicing rights are now available for bulk purchase in the secondary market compared to just a few billion a month ago. The reason: higher interest rates. According to servicing advisers interviewed by Inside Mortgage Finance this week, the 75 basis point jump in rates since the election has suddenly transformed a glum-looking market into one that has great potential. “There’s...