Pending home sales plunge to slowest October since 2018
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BREAKING — Mortgage Professional America reported that pending home sales fell to their slowest October pace since 2018, with mortgage costs climbing 12.8% year over year as rates crossed above 7%. The combination of sharply higher borrowing costs and stalled purchase agreements has pushed annual rent growth to a 19-month high, reshaping the calculus for both prospective buyers and the investors who supply much of the rental housing stock.
For investors watching this shift, the current environment creates a specific set of financing challenges that differ from conventional owner-occupied lending. loantrust.ai works across this landscape with programs designed for investment properties and self-employed borrowers, including DSCR loans that qualify based on property cash flow rather than personal income, bank-statement programs, and bridge, fix-and-flip, and new-construction financing. Each file is packaged by one licensed MLO rather than routed through a call center, which means the structure of the loan is built around the actual deal and the borrower's actual situation.
When purchase volume tightens and rental demand strengthens, the investors who can still access capital efficiently tend to be the ones who capture available inventory and lock in cash-flowing assets before rents climb further. A brokerage that originates both consumer and investor mortgages, and that keeps the packaging process with a single originator, is positioned to move at a pace that matches these windows. That matters now because the spread between stalled deals and rising rents is exactly where opportunity and execution speed intersect.
Source: Mortgage Professional America, “Pending home sales plunge to slowest October since 2018”. Read the original →
About loantrust.ai — Whether you're buying your first home, refinancing, or funding your next investment deal, you deserve a straight answer from a real loan officer — not a call center. loantrust.ai is the Atlanta-based mortgage brokerage where one licensed MLO personally packages every loan: conventional, FHA, VA, refinance, DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs. Get a written quote you can compare against any lender — in about two minutes: compare your options
Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.