In this episode of the Mortgage Research Network Podcast, host Paul Centopani talks with Tom Hutchens, President of Angel Oak Mortgage, about the changing housing market and what it means for homebuyers.
With housing inventory growing, sellers facing more competition, and mortgage rates above 7%, buyers are navigating a market filled with both opportunities and challenges. Tom explains where buyers may have more negotiating power, why affordability remains a major obstacle, and whether waiting for lower mortgage rates is the right strategy.
They also explore alternative mortgage options, including non-QM loans for self-employed borrowers, gig workers, and real estate investors. Tom explains how products such as bank statement mortgages can help buyers qualify for financing, shares his outlook for mortgage rates heading into 2027, and offers advice for first-time homebuyers.
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Comment below: Would you buy a home at today's mortgage rates if you found the right property, or would you rather wait?
Connect with Mortgage Research Network:
YouTube: https://www.youtube.com/@MortgageResearchNetwork
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Website: MortgageResearch.com
Connect with Tom Hutchens:
LinkedIn: https://www.linkedin.com/in/tomhutchens/
First Time Homebuyer Cheat Sheet: https://bit.ly/4w8CiVM
Homebuyer Calculators:https://bit.ly/4n0hDPv
Connect With a Lender: https://bit.ly/426Gyaw
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00:00 Intro
01:01 The Current Housing Market
02:21 Where Homebuyers Have More Leverage
03:47 Rising Inventory and Seller Expectations
05:19 What's Holding Buyers Back?
07:10 What Could Bring Mortgage Rates Down?
08:21 Alternative Mortgage Options and Non-QM Loans
12:08 Housing Market Outlook for 2027
13:11 Advice for First-Time Homebuyers
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#MortgageRates #HousingMarket #MortgageOptions
