Home Mortgage Finance Market Scope and Analysis Report by 2031
Home Mortgage Finance Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 4.51 trillion |
Market Size by 2031 | US$ 21.46 trillion |
Global CAGR (2023 - 2031) | 21.5% |
Historical Data | 2021-2023 |
Forecast period | 2023-2031 |
Segments Covered |
By Tenure
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The "Home Mortgage Finance Market Analysis" was carried out based on type, technology, application, and geography. In terms of source, the market is segmented into Housing Finance Companies (HFCs) and Banks. Based on technology, the Home Mortgage Finance market is segmented into near-field communication (NFC), quick response (QR) codes, and biometric verification. Based on interest rate, the market is segmented into Fixed Rate and Floating Rate. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Home Mortgage Finance
Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Home Mortgage Finance market. A few recent key market developments are listed below:
- In November 2023, Barclays announced to cut its mortgage rates for the second time in four days, bringing them below 5% for mortgages with a 10% deposit. The banking behemoth revealed a slew of discounts to its products today, as a global bond buying frenzy has brought gilt yields, which are used to price mortgages down.
[Source: Barclays, Company Website]
- In Feb 2024, Santander stated that the maximum loan-to-value ratio for new construction houses and flats would be raised to 95%, requiring these borrowers to put down a 5% deposit to purchase a home. Customers purchasing a new home with a 95% LTV mortgage can choose from the bank's existing 95% range of five-year fixed-rate packages.
[Source: Santander, Company Website]
Home Mortgage Finance
Market Report Coverage & Deliverables
The market report "Home Mortgage Finance Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.