Ep. 236 | Mortgage Demand Falls For 7 Straight Weeks

SUMMARY: Total mortgage demand fell for the 7th straight week but purchase demand was up slightly, golden handcuffs are confirmed with 99% of outstanding mortgages under 6.0%, and Redfin announces layoffs for over 800 workers…

Sources: 

• Mortgage Demand Down For 7th Straight Week
• Higher Mortgage Rates Lead to Strong Lock-in Effect
• Redfin Announces Layoffs & End of iBuying