Posted To: Pipeline Press

Brian C. writes, “I was surprised when I got my new Tesla, instead of the new car smell, it had an Elon Musk.” Tesla was founded 18 years ago. Time flies. For 20 months now mortgage rates have been driven by pandemic news, like Moderna’s announcement this morning. We’ll receive the official conforming amounts for 2022 at 9AM PT. It’s been 20 years since the Beatles George Harrison died. (41 years since John Lennon was shot and killed.) It’s the last day of November and October is well in the rearview mirror but yesterday we learned that NAR’s Pending Home Sales rose 7.5% in October. Demand is still strong, which echoes what I’ve been hearing in my chats with MLOs around the nation. “Motivated by fast-rising rents and the anticipated increase in…(read more)

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Source: Mortgage News Daily