Angry Mortgage Special Guest Rob Campbell | EP. 120
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May 6, 2025 Rob Campbell, a seasoned mortgage broker at Premier Mortgage Centre, shares his insights on the current state of the mortgage market. He discusses the significant drop in home purchases, the rise in refinances, and how the economy will impact mortgage choices in the coming months. With a blend of humor and candid opinions on political issues and the challenges posed by modern mortgage technology, Rob navigates viewers through the complexities of today's real estate landscape while reminiscing about past workplace norms.
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Market Stagnation Due To Pricing
- Purchase activity is very slow and sellers resist lowering prices.
- This mismatch stalls the market, causing frustration for buyers and realtors alike.
Rural Markets Face Pricing Deadlock
- Smaller communities see the same problem of sellers overpricing their homes.
- Buyers respond by lowballing offers, causing deadlock with listing agents insisting on higher prices.
Refinance Boom Amid Purchase Collapse
- Renewals and refinances surge despite purchases plunging.
- Lenders aggressively compete to retain clients amid a mortgage renewal bulge.