Housing Mortgage market in the US to grow at a CAGR of 1.75 percent by 2018
FOR IMMEDIATE RELEASE, Illinois – United States – October 25,2014 (PR Buzz): Housing Mortgage Market in the US 2014-2018 is a new market research publication announced by Reportstack. Mortgage is a debt instrument that the borrower is obliged to pay back with a fixed set of payments and is secured by the collateral of a specified real estate property. Mortgages enable individuals and businesses to make large real estate purchases without paying the entire value of the purchase in one go. Borrowers repay the loan along with interest over a period of many years until they eventually own the property free and clear. However, if borrowers stop paying the mortgage, the lender can foreclose and may evict the property’s owner and sell it, using the income from the sale to clear the mortgage debt. In a fixed-rate mortgage system, borrowers pay the same interest rate for the life of the loan. Most fixed-rate mortgages have a 15 or 30-year term. There is no influence on borrowers’ payment if market interest rates rise. However, if market interest rates decline significantly, borrowers may be able to secure that lower rate by means of refinancing the mortgage.
The analysts forecast that the Housing Mortgage market in the US to grow at a CAGR of 1.75 percent over the period 2013-2018. This report covers the present scenario and the growth prospects of the Housing Mortgage market in the US for the period 2014-2018. To calculate the market size, the report considers the loan volume of primary housing mortgage banks, credit unions, and financial institutions. It takes into consideration the various product segments such as Home Purchase, Home Improvement, and Refinancing. The report mentions the role played by Federal Government by the way of government-sponsored enterprises operating in the system.
The report Housing Mortgage Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US; it also covers the landscape of the Housing Mortgage market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
• Bank of America
• JPMorgan Chase
• U.S. Bancorp
• Wells Fargo
Other Prominent Vendors
• Ally Financial
• Capital One Financial
• Fifth Third Bancorp
• Flagstar Bank, FSB
• SunTrust Banks
• Quicken Loans
• Regions Financial
Bank of America,Citigroup,JPMorgan Chase,U.S. Bancorp ,Wells Fargo ,Ally Financial,Capital One Financial,Fifth Third Bancorp,Flagstar Bank, FSB,SunTrust Banks,Quicken Loans,Regions Financial
To access full report with TOC, please visit Housing Mortgage Market in the US 2014-2018.