Fast Facts
• Mortgage applications, re-fi's and originations slumped. The average mortgage rate is up now at 3.2%, up from 2.8% at the beginning of the year. The average mortgage is over $400,000.
•Elevated inflation will compel the Federal Reserve to raise US interest rates at least twice by the end of 2023, according to a new poll of leading academic economists for the Financial Times. (More Here)