JUST IN: Mortgage demand is now down 50% from pre-pandemic levels and at its lowest level since 1994.
— The Kobeissi Letter (@KobeissiLetter) November 4, 2023
From its peak in 2021, mortgage demand is down ~64%.
Current mortgage demand is ~75% below the 2005 peak.
The most incredible part of this?
Mortgage rates are still only at… pic.twitter.com/BQF9LrAe5B
Insightful stablecoin guidance going forward from Cornerstone
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