Replies to post #721393 on Mr Cooper Group Inc (COOP)

[Boris the Spider]

Rates ARE the issue. I have many realtor friends and they say people got spoiled with 3% rates and now balk at 6-7%, which makes mortgage payments MUCH higher for middle classers struggling to survive with all the soaring costs of life. Everyone is waiting for rates to come down more. Also, those who have 2-3% mortgages don't want to sell and go into another mortgage with a higher rate now.
If rates come down to 4-5% we could see greater activity. But for now, not so much when food and gas and other costs are so high.