Interest rates are NOT why less mortages are happening

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url="http://traffic.libsyn.com/rebelbroker/RER20171102THU.mp3"
title="Interest rates are NOT why less mortages are happening"
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] Why does the media insist on blaming interest rates when mortgage
origination drops? Once again we see a dip in the number of
mortgage originations but most media outlets want to blame that on
higher interest rates. Today, we will review why
that is total nonsense. We will also talk about another time
honored number that is no longer valid today - and it has HUGE
effects on the buying and selling cycle in the market. Also, we
find that once again home prices are higher - but there is no real
surprise there. Finally, I got it wrong. I made a prediction for
October 2017. Now that October is behind us, it is clear that I was
100% wrong. We will chat a bit about that as well. Todays Links:


http://realtormag.realtor.org/daily-news/2017/10/31/report-average-owner-stays-put-for-10-years


http://www.calculatedriskblog.com/2017/10/case-shiller-national-house-price-index.html


https://www.cnbc.com/2017/11/01/weekly-mortgage-applications-fall-as-rates-move-even-higher.html


http://www.zerohedge.com/news/2017-11-01/its-official-october-was-calmest-stock-market-month-ever

http://www.mortgagenewsdaily.com/mortgage_rates/

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