Tendayi Kapfidze

Tendayi Kapfidze

Tendayi Kapfidze is the chief economist at LendingTree. He oversees the company’s analysis of the U.S. economy with a focus on housing and mortgage market trends. Tendayi utilizes data analysis to be a resource for both consumers and trade media, providing impactful and actionable insights to help consumers make informed financial decisions.

ARTICLES

  • LendingTree reveals the cities with the highest rates of denied mortgage applications

    Here are the leading reasons for denials
    [Expert commentary] As the spring selling market heats up, buyers continue to face increasing odds against finding their dream homes. Inventory is low, demand is high and rates have been steadily creeping upwards for months. These factors are only complicating what can already be an arduous experience for would-be homebuyers hoping to get approved for a mortgage. In a new study analyzing more than 10 million mortgage application records, LendingTree found nearly one out of every 10 mortgage applicants, or 8%, is denied at the national level.
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  • Here's how loan officers can gauge the aggregate level of price competition in the mortgage market

    New index from LendingTree measures the spread in the APR of the best offers
    More competition is the theme for 2018 and LendingTree has created a way for loan officers to gauge the aggregate level of price competition in the market in real time. Released weekly, LendingTree's Mortgage Rate Competition Index measures the spread in the APR of the best offers available on LendingTree relative to the least competitive.
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  • Explaining the disconnect between the rate borrowers want, and can get

    You may need to break the rates process down for them
    Most quoted industry rates are for a hypothetical borrower with prime credit who makes a 20% down payment. Yet, most borrowers do not fit this profile and often experience disappointment when the rate on their loan turns out to be meaningfully higher than what they believed prevailing rates to be. Many loan officers have likely experienced having to explain this discrepancy to borrowers with varying degrees of success.
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