Mortgage rates hold strong as the real estate market gets a little pep in its step

2 years ago
3

Personally, I saw a lot of mortgage applications come in over the weekend, buyers out and about, confirmation from people working open houses there was more activity in the market. People starting to see rates have stabilized and sellers starting to understand what they need to do to make buyers pull the trigger. This is all just part of the process, but this is most definitely NOT what a crash looks like. Hope this video and these articles help! Links below :)

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LINKS:
https://www.forbes.com/sites/jonathanponciano/2022/07/18/housing-market-meltdown-intensifies-homebuilders-halt-construction-as-confidence-plunges-to-2-year-low/?sh=5024083e6756
https://finance.yahoo.com/news/fed-interest-rates-july-goldman-sachs-105949509.html
https://www.cnbc.com/2022/07/18/goldman-sachs-gs-2q-2022-earnings.html
https://www.cnbc.com/2022/07/18/bank-of-america-bac-2q-2022-earnings-.html
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
https://www.investors.com/etfs-and-funds/sectors/sp500-companies-profit-is-about-to-boom-350-or-more/?src=A00220
https://finance.yahoo.com/news/ibm-beats-quarterly-revenue-estimates-200938752.html

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