Mortgage loans in Forbearance? US consumers in TROUBLE? Went to a closing this morning...Join Me!

So much to discuss tonight! Mortgage rates seem to be holding around that 6.6-6.7 range, at least for the past few days.

We talked about Cheryl Burke leaving DWTS…John has no idea what this is about. Even after reading, confusion still reigns.

We talked about a bunch of tweets…some quite thought provoking, especially from Darth Powell tonight.

For the articles, more properties are in mortgage forbearance…what is that about. Apparently the first time in 3 years prices have gone down. This will be something to watch in the future.

Savings rates going down, credit card debt high, that doesn’t seem like a good mix for the economy does it? Yet, here we are.

Core logic predicts housing prices will rise in 2023? Seems optimistic given what we know above.

Finally, Marcia Fudge, housing secretary is going to Japan. She’s going to study Tokyo and come back with concrete ways to improve housing in the United States. This is not a joke. The link to the article is below.

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Mortgage Rates came in at 6.65 percent on a 30 year fixed today.

1. Going against the grain…I don’t set production goals and I don’t set revenue goals…you do that in a market like what’s to come.

Google Trends
Cheryl Burke: Leaving DWTS like another divorce?
https://pagesix.com/2022/11/22/cheryl-burke-compares-dwts-exit-to-matthew-lawrence-divorce/

On the Twitter

Sid Prabhu
https://twitter.com/sidprabhu/status/1595226546272612352

Diane Swonk
https://twitter.com/DianeSwonk/status/1595227315407052800

Housing Bubble Disrespector
https://twitter.com/NipseyHoussle/status/1595225801636646912

Chris Smith
https://twitter.com/Chris_Smth/status/1595082818958368770

ATX RE Podcast
https://twitter.com/atxREpodcast/status/1595198346775257088

Lance Lambert
https://twitter.com/NewsLambert/status/1595189076856127489

Darth Powell
https://twitter.com/NewsLambert/status/1595189076856127489

Real Estate News and Commentary

Mortgage Loan Forbearance ticks up. What does that even mean?
https://www.mba.org/news-and-research/newsroom/news/2022/11/21/share-of-mortgage-loans-in-forbearance-increases-slightly-to-070-in-october-

US Consumers in trouble?
https://www.zerohedge.com/political/9-12-more-months-how-long-us-consumers-have-bottoms-falls-out

US home prices will rise? Really?
https://www.corelogic.com/intelligence/u-s-home-price-insights-november-2022

Where is the HUD secretary? In Japan?
https://www.housingwire.com/articles/marcia-fudge-will-be-the-first-sitting-hud-secretary-to-visit-japan/

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Similar to real estate channels like The Ramsey Show, Jeb Smith, Javier Vidana, Kristina Smallhorn.