Presidential Guidance: Trends Driving Mortgage Markets in 2018

Gerald Seman

by Jerry Seman

Seal of the President JSSB MS


"Purchase market volume will increase lead by continued involvement of millennial buyers. However, demand in most markets is higher than the existing supply of homes. Although actual refinance mortgage activity will cool overall, Core logic estimates 250,000 may refinance out of an FHA loan to switch to a more conventional loan. Existing homeowners will use other loan products to tap into their home equity, which increased by over $766 billion over the last year. This was the largest increase since 2014. Baby Boomers now control almost 66% ($8 trillion) of the nation's home equity. Baby Boomers turn age 65 at a rate of 10,000 people per day and nearly 40% indicate they would prefer to move again.

Whether you are a first-time home buyer, move-up buyer, looking to build your dream home, or refinance your existing home, you can call the JSSB Mortgage Services team at 570-320-2015 or by clicking here for an online pre-approval."

Disclaimer: You should not place undue reliance on any forward-looking statements.  These statements speak only as of the date of this blog article, even if subsequently made available by the Jersey Shore State Bank on its website or otherwise.  Jersey Shore State Bank undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this blog article.

Gerald Seman

Jerry Seman

Jerry has over 30 years of experience in mortgage banking specializing in secondary market production and sales. His primary responsibilities include managing the Mortgage Division’s strategic growth initiatives and planning throughout Pennsylvania and secondary market investor relations.