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What’s pushing mortgage rates higher?

Housing Wire

Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. But is that job openings data legit today? And will job openings continue higher, pushing mortgage rates even higher in the future? What about the report itself?

Mortgages 490
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.

Marketing 458
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Purchase applications data rose for the fourth straight week, which continues the streak of 2023, having more positive weekly data than negative. Inventory is incredibly tight.

Marketing 487
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Better inflation data won’t sway the Fed

Housing Wire

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. Pivoting doesn’t mean they’ll cut rates, it just means they’ll change their language describing the economy.

Mortgages 399
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The pandemic, as well as policymakers, continue to have the ability to send shocks through the system.

Mortgages 458
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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

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The 19 Best Real Estate Prospecting Letter Templates for 2022

The Close

Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. Related Article. your cell phone number].