BallaJi

US Housing flashing a warning Lower Low in price

Short
ECONOMICS:US30YMR   United States 30 Year Mortgage Rate
First time since the doldrums in 2011

The cost of a 30 year mortgage is astronomical

Mortgage demand has frozen ...

Refinancing has also fallen off a cliff

I'm looking for sellers to start capitulating soon ... (as in within the next few quarters)

As we start to see the consumer at breaking point.
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