PET KITTY PUSS
My New Channel:
https://www.youtube.com/channel/UCPeYiYfUSdELDV_0gpCp5oA
TOPICS AND TIMESTAMPS:
Prices Too High? 0:00
Real Estate Drop 0:10
Gas Supply Reduction 7:34
China and Russia Partners 10:36
Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
Surging inflation and interest rates are hammering American consumers and weighing on the housing market.
Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association.
Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year.
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.
Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.
Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power.
—————————————————————————————————
💵 HOW TO MAKE MONEY ON AMAZON - FREE eCOURSE: 💵
👉 http://TheAmazonGPS.com 👈
—————————————————————————————————
LOOK THROUGH MY BOOKS!
MY FAVORITE BOOKS:
SUPPORT MY WORK:
—————————————————————————————————
—————————————————————————————————
Sources Used in This Video
—————————————————————————————————
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
#recession
-
14:37
The Money GPS
1 year ago $0.02 earnedA Crisis of Epic Proportions as Perfect Storm Hits | Do This Now
1113 -
12:51
The Money GPS
1 year ago $0.02 earnedU.S. Consumer Signals 1 Very Big Warning for the Economy
1561 -
13:48
The Money GPS
1 year ago $0.05 earnedU.S. Dollar Will Be Replaced - Only ONE Thing Needed
1514 -
20:16
Bull Boom - Bear Bust
7 months ago $0.03 earnedPAIN BEGINS NEXT WEEK, FINANCIAL CHAOS TO UNFOLD? EMERGENCY BANK RESCUE, ECONOMIC COLLAPSE NEWS
1781 -
13:23
The Money GPS
2 years ago $3.06 earnedWhy One Company is Quietly Amassing BILLIONS and Waiting To Buy
4.85K21 -
13:37
The Money GPS
1 year agoWhy Inflation Is About To Get VERY Weird
69 -
13:47
The Money GPS
1 year ago $0.03 earnedYou’re Not Going To Believe THIS About the Economy
2711 -
13:06
The Money GPS
2 years ago $0.03 earnedSomething Very Ominous *JUST* Happened in the U.S.
1522 -
9:35
Bull Boom - Bear Bust
6 months ago $0.88 earnedUPS MASSIVE LAYOFFS - PEOPLE ARE BUYING $8K SUPER BOWL TICKETS
1881 -
36:22
Unleash your inner trader with Team NakedTrader!
1 year agoBull Market Confirmed?? #016
2