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Wednesday, 11/06/2024 2:54:29 PM

Wednesday, November 06, 2024 2:54:29 PM

Post# of 54
CRE and housing bubble about to burst. Inventory continues to rise while prices in many states like TX and FL continue to drop. Good for cash buyers looking for deals next year.

10-year Treasury yield continues to rise. Mortgage rates, which loosely follow the benchmark yield, are also climbing.

The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this year.

I can only provide my own speculation and theories. Everything I post is my own opinion and not financial advice. I am not a financial advisor. Perform your own Due Diligence.

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