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"Applications to refinance continued their landslide"
Posted by grapebed of MO on 5/20/22 5:42pm Msg #640166
CNBC
May 20, 2022


http://www.cnbc.com/2022/05/18/weekly-mortgage-demand-from-homebuyers-tumbles-12percent.html

"Applications to refinance a home loan continued their landslide, falling another 10% week to week. Refinance demand was 76% lower than the same week one year ago. Two years of record-low interest rates during the Covid pandemic incited a refinance boom which has now gone bust. There is simply a very small pool of borrowers who can now benefit from a refinance."

It is going to be a quiet summer/fall. Like a tsunami, many SS will be completely wiped out, never to return. With inflation approaching an annual rate of 10%, it makes no economic sense to take any signing below $140. Unfortunately, there's no shortgage of notaries who grovel to do a $65 signing from Notary Go. I don't get it.
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Messages in this Thread
 "Applications to refinance continued their landslide" - grapebed on 5/20/22 5:42pm
 Re: "Applications to refinance continued their landslide" - PaigeTurner on 5/21/22 6:15pm
 Survival of the Fittest - PegiT_MN on 5/22/22 10:38am
 Re: Survival Yes Peg! Good Luck and to us ALL! n/m - HeatherR/CA on 5/22/22 11:06am
 Re: "Applications to refinance continued their landslide" - SteveS/CA on 5/22/22 12:40pm
 Refi apps are down 77% versus 1 year ago. If you averaged - grapebed on 5/22/22 1:52pm
 Re: "Applications to refinance continued their landslide" - PaigeTurner on 5/22/22 6:25pm
 Re: "Applications to refinance continued their landslide" - jnew on 5/23/22 9:57am
 Ridiculous! Unfortunately, many of them get their business -  MW/VA on 5/22/22 4:54pm
 Re: Ridiculous! Unfortunately, many of them get their business - PA_Notary_II on 5/23/22 9:30am



 
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