September Existing Home Sales Fall as Mortgage Rates Soar
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.