Attention Economy


Monday, September 19, 2022

US Housing Market Cools Rapidly As Mortgage Rates Top 6%

Home-Flipper Opendoor Hit with Losses in Echo of Zillow Collapse
https://www.bloomberg.com/news/articles/2022-09-19/home-flipper-opendoor-hit-with-losses-in-echo-of-zillow-collapse
Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand.
 
Here’s How Much a New Monthly Mortgage Payment Has Surged in 10 US Metros
https://www.bloomberg.com/news/articles/2022-09-19/here-s-how-much-a-new-monthly-mortgage-payment-has-surged-in-10-us-metros


Mortgage rates surpass 6 percent for the first time since 2008
https://www.washingtonpost.com/business/2022/09/15/mortgage-rates-6-percent/

Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis
https://www.wsj.com/articles/mortgage-rates-hit-6-02-highest-since-the-financial-crisis-11663250402 


The 30-Year Fixed Mortgage Rate Closely Tracks the benchmark 10-Year T-Note Yield