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Ep. 236 | Mortgage Demand Falls For 7 Straight Weeks

SUMMARY: Total mortgage demand fell for the 7th straight week but purchase demand was up slightly, golden handcuffs are confirmed with 99% of outstanding mortgages under 6.0%, and Redfin announces layoffs for over 800 workers…
Ep. 235 | New Home Inventory Hits Record High In Q3

New home inventory hit a record high in the third quarter of 2022, potential buyers have misconceptions about what is going to happen with rates and home prices, and all eyes are on the big CPI report on Thursday…
Ep. 234 | Home Prices & Equity Fall in September

Home prices and equity fall in September, consumer confidence in housing falls to new lows, and inventory levels hold for the first time in three weeks…
Ep. 233 | Home Equity Rises in Q3

Home equity rises in the third quarter despite rising rates, initial jobless claims drop slightly for the week, and mortgage falls under 7.0%…
Ep. 232 | Fed Says 75 Bips…Again

The Federal Reserve announces a 75 basis point hike to the federal funds rate, ADP reports that the economy created 239k jobs in October, and mortgage demand falls for the sixth straight week…
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Copyright © 2022 Markets & Mortgages | DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This website is for informational purposes only. Written and edited by Tyler Cralle #2028201