FED signals slow down in rate hikes and markets go bananas, mortgage rates drop!

Mortgage rates heading in the right direction as savvy buyers attack motivated sellers in this true Buyers market, like we have not seen in over a decade. Market picking up steam but inventory continues to be a problem as sellers not interested in selling at discounts for short-term circumstances and buyers not wanting to pay up given the uncertainty around inflation and geopolitical scenarios. Lots to discuss, links below, hope it helps!

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LINKS:
https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html
https://www.cnbc.com/2022/11/30/elon-musk-says-the-fed-must-cut-rates-immediately-to-stop-a-severe-recession.html
https://www.cnbc.com/2022/11/30/amazon-touts-record-sales-over-holiday-shopping-weekend.html
https://www.cnbc.com/2022/11/30/jolts-report-october-2022-job-openings-fall-amid-fed-efforts-to-cool-labor-market.html
https://www.cnbc.com/2022/11/30/mortgage-rates-fall-for-the-third-straight-week-but-demand-still-drops-further.html
https://finviz.com/map.ashx