Hypoport (ETR:HYQ) Chief Executive Ronald Slabke said the company expects a “pretty normal” second quarter for its mortgage business after a volatile first quarter shaped by interest-rate movements, while reiterating that the group remains focused on cost control, automation and monetizing additional platform features.
Speaking during a Q&A session on the company’s first-quarter results, Slabke described demand patterns in German mortgages as heavily influenced by changes in borrowing costs. He said January and February saw some customers delay decisions as rates declined, while a subsequent rise in rates prompted faster mortgage closings and contributed to a strong March.
