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Mortgage Demand Hits a 22-Year Low

CNBC’s Diana Olick says mortgage demand recently hit a 22-year low as buyers worry about higher interest rates and inflation. She says “pain in the mortgage market” is only getting worse. However, she also points out that the market is going to become less competitive for sellers as the number of multiple offers dramatically shrinks. Continue reading HERE...

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The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate of 4.58 million (down 22.6% year over year). Total housing in

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