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A refi wave is years away as mortgage rates settle at 7%

Housing Wire

With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage surged 26 basis points from last week to 6.92%, a record-setting climb to its highest level since April 2002.

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Positive jobs report sends bond yields higher

Housing Wire

What I wrote on April 7, 2020, I truly believe on the economic front: “My faith in America winning has never let me down because I always believe in my people and country. Before the job openings data took off, I was very adamant on Twitter that JOLTS would hit 10 million soon. The unemployment rate currently stands at 4.0%.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

You may save someone’s life!! A recent case in which a young couple died from carbon monoxide poisoning while they slept highlights the life and death importance of these simple alarms—and brings this issue front and center for the real estate appraiser community as a whole. Killed by Carbon Monoxide: Appraiser Blamed.

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Anthony Lamacchia’s 2023 Predictions

Lamacchia Realty

In my predictions for 2022 I had put one last sentence at the end of my final paragraph that stated: “Bottom line, my prediction for 2022 is simple. These three things are all but certain to happen in 2022. Although interest rates could change things late in the year.”. Anthony's 2022 Predictions.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

At what point will mortgage interest rates peak? That’s the million-dollar question and the answer is closely tied to the government’s ability to stem inflation, which makes the cost of our question closer to $1,085,000. Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market.