FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET
Will Springer Realtor
OCTOBER 11, 2022
We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. OCTOBER HOUSING UPDATE.
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