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Existing Home Sales Down Slightly, Price Appreciation Slows

 Seven straight months of slowing sales has reduced existing home transactions by nearly 20 percent from the same point in 2021. The National Association of Realtors® (NAR) said on Wednesday that August sales of preowned single-family houses, townhouses, condominiums, and cooperative apartments were at a seasonally adjusted annual rate of 4.80...
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213 Hits

Hits Keep Coming For Mortgage Market (The Bad Kind)

The positive close on a volatile Fed day offered false hope for rates--a fact that was laid bare with Thursday's massive sell-off. Now on Friday, more false hope as another massive overnight sell-off gave way to a full recovery by 9:20am. Since then, however, it's been all sellers.In other words, bond tanked again. But questions remain as to WHY.It...
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  226 Hits
226 Hits

No Reprieve For Selling Spree Yet, But More Resilience vs EU

After a glimmer of hope at the end of last week, bonds are back to their old tricks. Actually, they only have one trick recently: selling-off at a faster pace than expected. A far more massive sell-off in UK bond markets continues to be a thorn in the side for US bonds. This is one of the only redeeming factors actually: the fact that US bonds are ...
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  242 Hits
242 Hits