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Replies to post #350979 on SPDR S&P 500 (SPY)

Replies to #350979 on SPDR S&P 500 (SPY)
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Vandalayind

01/12/22 7:04 AM

#350981 RE: nowwhat2 #350979

How are banks doing with a 17% drop in mortgage applications?

Fear of even higher mortgage rates may be heating up winter homebuying
https://www.cnbc.com/2022/01/12/fear-of-even-higher-mortgage-rates-may-be-heating-up-winter-homebuying.html

Does anyone really believe a supply shortage nonsense? Builders will build you as many houses as you can afford every day.

It is an affordability shortage, and by the numbers demand is drying up at current prices.
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Vandalayind

01/12/22 7:04 AM

#350982 RE: nowwhat2 #350979

How are banks doing with a 17% drop in mortgage applications?

Fear of even higher mortgage rates may be heating up winter homebuying
https://www.cnbc.com/2022/01/12/fear-of-even-higher-mortgage-rates-may-be-heating-up-winter-homebuying.html

Does anyone really believe a supply shortage nonsense? Builders will build you as many houses as you can afford every day.

It is an affordability shortage, and by the numbers demand is drying up at current prices.