The Macro Moment: Real Estate About To Pullback?
1 yr
0 Min Read
66 words
The mortgage industry is suffereing. Once again, mortgage applications are down.
In this video I discuss how morgage personnel are losing their jobs. This is something that is a sign that things are shaky in the real estate market. Is this a guarantee of a pullback? No but it is somehting to pay attention to.
▶️ 3Speak
I don't really think mortgage personnel means that much. While I do agree that this may escalate other issues in the economy, I don't think it really adds much to the industry. Isn't it mainly the banks that get the benefits from having more mortgages going on? I don't think that would affect too much.
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Actually most mortgages in the US originate outside the banking industry. Fintech took over there. Rocket Mortgage and Quicken Loans do a lot.
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if you have to pay close attention to that kind of thing since the real estate market and mortgages are very important for the economy of the countries.