Mortgage applications declines each week for the past 3 or 4 weeks.
It is worth watching to see if that trend continues. It is on both the new mortgage and ReFi sides.
Many are projecting that housing is going to have issues starting the second half of 2021.
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I know she has been slammed lately. She manages three offices and they have been averaging 20+ closings per day per office for the past six months or more. She was telling me about a house that was valued at $50k and was selling for $90k. The fact that places are giving out loans for more than the appraised value is very concerning.
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