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Re: Very Few Closings
Posted by  JanetK_CA of CA on 9/7/23 8:13pm Msg #646726
Yes. I haven't run the numbers, but not surprisingly, it's been a dramatic drop, although things did pick up for me a bit over the summer, as usual. There are obviously lots of factors that come into play, but high interest rates are a major one. That affects affordability for first time buyers (along with limited inventory resulting in high property values). For folks who already have a home, many are choosing to stay in their existing homes which may have a note with a fixed rate as low as 3 or 4% vs. moving and facing a mortgage interest rate of 7 or 8% or more. If given a choice, that's kind of a no-brainer.

At this point, I'm very grateful for the connections I've made for GNW over the years!
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Messages in this Thread
 Very Few Closings - Sharon Marshall on 9/7/23 10:22am
 Yup. Also increase in way too far for way too little offers. n/m - Lee/AR on 9/7/23 10:27am
 Re: Very Few Closings -  JanetK_CA on 9/7/23 8:13pm
 Higher interest rates have brought this biz to it's knees. -  MW/VA on 9/9/23 9:37am
 When loan signings are slow... -  Roger_OH on 9/9/23 1:00pm
 I do some GNW, mostly for nursing homes, etc. It still -  MW/VA on 9/10/23 2:04pm
 Re: I do some GNW, mostly for nursing homes, etc. It still - Amanda Goldman on 9/11/23 2:57pm
 General Notary Work - travel fees add up! n/m -  Roger_OH on 9/11/23 10:09pm
 Amanda - GNW - General Notary Work n/m - Linda_H/FL on 9/12/23 8:44am

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