chandrabhai7 Posted July 20, 2022 Report Share Posted July 20, 2022 Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers PUBLISHED WED, JUL 20 2022 7:00 AM EDTUPDATED 57 MIN AGO Diana Olick @DIANAOLICK@DIANAOLICKCNBC@IN/DIANAOLICK WATCH LIVE KEY POINTS Surging inflation and interest rates are hammering American consumers and weighing on the housing market. Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association. Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they've lost considerable purchasing power. Quote Link to comment Share on other sites More sharing options...
Vaampire Posted July 21, 2022 Report Share Posted July 21, 2022 I expected 10-15% correction in housing market. But looks like its more than that. bay area lo last 2 months lo baaga paddayi homes Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 Job market bagunanta varaku no issues.. companies ani bagane kummai ee quater.. asml, nflx, tsla.. banks all good.. repu snap tho social media and ad companies also good ani telipotundi Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted July 21, 2022 Author Report Share Posted July 21, 2022 1 hour ago, psycopk said: Job market bagunanta varaku no issues.. companies ani bagane kummai ee quater.. asml, nflx, tsla.. banks all good.. repu snap tho social media and ad companies also good ani telipotundi Both are not same job market ekkada vayya. Big companies ey hire freeze chestey including Google , Microsoft , meta Don’t expect to show cracks immediate lol Netflix lost 1 million users while prediction is 2 miliion. Adi good news anukuntey Em cheyalo Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 Just now, chandrabhai7 said: Both are not same job market ekkada vayya. Big companies ey hire freeze chestey including Google , Microsoft , meta Don’t expect to show cracks immediate They are maintaining caution Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted July 21, 2022 Author Report Share Posted July 21, 2022 1 hour ago, Vaampire said: I expected 10-15% correction in housing market. But looks like its more than that. bay area lo last 2 months lo baaga paddayi homes 20% down aytey US wide automatic foreclosures start avtay Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted July 21, 2022 Author Report Share Posted July 21, 2022 1 minute ago, psycopk said: They are maintaining caution House prices 20% down aytey people who bought in peak at 6% interest will try to foreclose Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 Just now, chandrabhai7 said: 20% down aytey US wide automatic foreclosures start avtay Previous rates meda 100-150% growth.. oka 10-20% pull back not even considering Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted July 21, 2022 Author Report Share Posted July 21, 2022 Just now, psycopk said: Previous rates meda 100-150% growth.. oka 10-20% pull back not even considering Down lo konnavadu gurinchi alochistunnav. Paina vadu emi cheyyali Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 Just now, chandrabhai7 said: House prices 20% down aytey people who bought in peak at 6% interest will try to foreclose Ee range lo inta ekuva interest rates meda konaru ante inko chota ammaru ani meaning in most of the cases.. Quote Link to comment Share on other sites More sharing options...
chandrabhai7 Posted July 21, 2022 Author Report Share Posted July 21, 2022 Just now, psycopk said: Ee range lo inta ekuva interest rates meda konaru ante inko chota ammaru ani meaning in most of the cases.. Ala undadu mestaru hysteria fomo lo konta Ru. Vallu regret ayutunnaru already. any one who bought at 2 years back safe Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 1 minute ago, chandrabhai7 said: Ala undadu mestaru hysteria fomo lo konta Ru. Vallu regret ayutunnaru already. any one who bought at 2 years back safe Untadi le… Quote Link to comment Share on other sites More sharing options...
Swatkat Posted July 21, 2022 Report Share Posted July 21, 2022 1 hour ago, Vaampire said: I expected 10-15% correction in housing market. But looks like its more than that. bay area lo last 2 months lo baaga paddayi homes One of the guy that i follow for stock related alerts said 2008 could repeat when it comes to housing market Quote Link to comment Share on other sites More sharing options...
Swatkat Posted July 21, 2022 Report Share Posted July 21, 2022 Next week motham red untadhemo market. Quote Link to comment Share on other sites More sharing options...
psycopk Posted July 21, 2022 Report Share Posted July 21, 2022 1 minute ago, Swatkat said: One of the guy that i follow for stock related alerts said this Twtr handle? Quote Link to comment Share on other sites More sharing options...
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