Press release
Residential Mortgage Market: Substantial Growth Forecasted for 2024-2031 with Key Players-Wells Fargo Home Mortgage, Rocket Mortgage, JP Morgan Chase.
The Residential Mortgage Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.
Download a Free sample PDF (Use Corporate email ID to Get Higher Priority) at: - https://datamintelligence.com/download-sample/residential-mortgage-market
What is the projected growth rate (CAGR) of the Global Residential Mortgage market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Residential Mortgage Market reached US$ 11.2 billion in 2022 and is expected to reach US$ 26.5 billion by 2031, growing with a CAGR of 11.3% during the forecast period 2024-2031.
The Residential Mortgage market encompasses the lending of funds to individuals for the purchase of residential properties, secured by the property itself. This market includes various mortgage products, such as fixed-rate, adjustable-rate, and government-backed loans. Growth in the market is driven by factors like low-interest rates, rising homebuyer demand, and the increasing trend of homeownership. Additionally, economic conditions, housing supply, and regulatory changes play significant roles in shaping the residential mortgage landscape, influencing borrower access and lending practices.
Key Developments:
In July 2023, LendInvest, a significant player in the lending sector, launched its residential mortgage product range across the UK, marking a substantial milestone for the company and the mortgage industry as a whole. This initiative allows all UK intermediaries to access LendInvest's new residential mortgage offerings through their online platform, enhancing competition and options within the market.
In June 2023, Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, successfully introduced its first mortgage futures contracts. These cash-settled futures are based on the ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock Index and the ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock Index. The indices, updated daily, monitor U.S. residential mortgage loan applications where borrowers and lenders lock in interest rates prior to closing. By linking these futures contracts to primary market rates, investors gain a more effective tool to hedge against fluctuations in U.S. residential mortgage rates, addressing gaps in existing options.
List of the Key Players in the Residential Mortgage Market:
Wells Fargo Home Mortgage, Rocket Mortgage, JP Morgan Chase, Bank of America Home Loans, U.S. Bank Home Mortgage, CitiMortgage, PNC Mortgage, SunTrust Mortgage, Freedom Mortgage and PennyMac Loan Services.
Research Process:
Both primary and secondary data sources have been used in the global Residential Mortgage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Residential Mortgage Market:
By Type: Fixed-Rate Mortgage (FRM), Adjustable-Rate Mortgage (ARM), FHA Loan, VA Loan, Jumbo Loan, Conventional Loan.
By Provider: Banks, Credit Unions, Online Lenders, Non-Bank Lenders, Mortgage Companies, Savings and Loan Associations, Government Agencies.
Regional Breakout:
The global Residential Mortgage Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Get Discounts on Premium Report:- https://www.datamintelligence.com/buy-now-page?report=residential-mortgage-market
Regional Analysis:
The global Residential Mortgage Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Residential Mortgage Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
Get Customization in the report as per your requirements:- https://datamintelligence.com/customize/residential-mortgage-market
Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Residential Mortgage market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Residential Mortgage market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Residential Mortgage market?
What are the major opportunities that the companies can get to attain success in the world?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Download a Free sample PDF (Use Corporate email ID to Get Higher Priority) at: - https://datamintelligence.com/download-sample/residential-mortgage-market
What is the projected growth rate (CAGR) of the Global Residential Mortgage market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Residential Mortgage Market reached US$ 11.2 billion in 2022 and is expected to reach US$ 26.5 billion by 2031, growing with a CAGR of 11.3% during the forecast period 2024-2031.
The Residential Mortgage market encompasses the lending of funds to individuals for the purchase of residential properties, secured by the property itself. This market includes various mortgage products, such as fixed-rate, adjustable-rate, and government-backed loans. Growth in the market is driven by factors like low-interest rates, rising homebuyer demand, and the increasing trend of homeownership. Additionally, economic conditions, housing supply, and regulatory changes play significant roles in shaping the residential mortgage landscape, influencing borrower access and lending practices.
Key Developments:
In July 2023, LendInvest, a significant player in the lending sector, launched its residential mortgage product range across the UK, marking a substantial milestone for the company and the mortgage industry as a whole. This initiative allows all UK intermediaries to access LendInvest's new residential mortgage offerings through their online platform, enhancing competition and options within the market.
In June 2023, Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, successfully introduced its first mortgage futures contracts. These cash-settled futures are based on the ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock Index and the ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock Index. The indices, updated daily, monitor U.S. residential mortgage loan applications where borrowers and lenders lock in interest rates prior to closing. By linking these futures contracts to primary market rates, investors gain a more effective tool to hedge against fluctuations in U.S. residential mortgage rates, addressing gaps in existing options.
List of the Key Players in the Residential Mortgage Market:
Wells Fargo Home Mortgage, Rocket Mortgage, JP Morgan Chase, Bank of America Home Loans, U.S. Bank Home Mortgage, CitiMortgage, PNC Mortgage, SunTrust Mortgage, Freedom Mortgage and PennyMac Loan Services.
Research Process:
Both primary and secondary data sources have been used in the global Residential Mortgage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Residential Mortgage Market:
By Type: Fixed-Rate Mortgage (FRM), Adjustable-Rate Mortgage (ARM), FHA Loan, VA Loan, Jumbo Loan, Conventional Loan.
By Provider: Banks, Credit Unions, Online Lenders, Non-Bank Lenders, Mortgage Companies, Savings and Loan Associations, Government Agencies.
Regional Breakout:
The global Residential Mortgage Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Get Discounts on Premium Report:- https://www.datamintelligence.com/buy-now-page?report=residential-mortgage-market
Regional Analysis:
The global Residential Mortgage Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Residential Mortgage Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
Get Customization in the report as per your requirements:- https://datamintelligence.com/customize/residential-mortgage-market
Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Residential Mortgage market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Residential Mortgage market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Residential Mortgage market?
What are the major opportunities that the companies can get to attain success in the world?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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