Lower mortgage rates will boost home buyer demand, but a more immediate effect will be refinancing.
If the 30-year fixed falls to 6.125%, nearly 5M existing homeowners will be 'in the money' for a refinance.
That number jumps to ~9M with 5.5% mortgage rates.
An estimated $500 billion of residential mortgage principal is delinquent (30+ days past due).
Of that, around $200 billion is seriously delinquent or in formal foreclosure.
It's absurd that Pulte continues to act like a salesman and not doing something that really matters with mortgages/housing. We all know the differences of why someone can rent vs buy. Stop acting like qualifying for a 12 month lease is comparable to a 30yr mortgage commitment.
It's absurd that Pulte continues to act like a salesman and not doing something that really matters with mortgages/housing. We all know the differences of why someone can rent vs buy. Stop acting like qualifying for a 12 month lease is comparable to a 30yr mortgage commitment.
The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers--the Most on Record. That Will Likely Cause Home Prices to Fall.
Redfin reports there are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered…
This is the biggest story of our lifetime.
It’s the plan, quietly unfolding, to break China, rebuild the American middle class, and reshape the world economy for the next 50 years.
And almost nobody understands it.
A thread 🧵 (@willcain's Full Monologue at the bottom).
Cardinals 1st in NL central
Royals tied for 1st in AL central
Blues have won 10 straight
Mizzou football coming off back to back 10 win seasons
Chiefs have won 3 super-bowls in 6 years
Mizzou basketball had a bounce back season
No better time to be a Missouri sports fan.
🚨 THE NEXT 2008 IS HAPPENING NOW 🚨
Party City. Joann’s. Forever 21. Big Lots. ALL COLLAPSING.
But this isn’t just “retail struggling.” This is financial arson.
Private equity rigged the system. They built a time bomb. And now? It’s detonating.
A MEGATHREAD: 🧵⬇️
The biggest difference between professional traders and amateurs?
Professionals obsess over the denominator (risk).
Amateurs chase the numerator (returns).
Here’s the simple truth most traders miss:
When your strategy is built upon exceptional risk management, you can scale…
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