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#462650 - 10/17/18 01:30 PM RE Business Slowing
Tex Offline
Member

Registered: 02/11/14
Posts: 220
Loc: TX
This isn't looking good. I believe if I was an "Aspiring Agent" I wouldn't quit a job just yet.

https://www.zerohedge.com/news/2018-10-17/mortgage-applications-collapse-19-year-lows
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#462651 - 10/17/18 01:46 PM Re: RE Business Slowing [Re: Tex]
JohnN Offline
Member

Registered: 11/21/13
Posts: 261
Loc: Minnesota
As business slows a lot of newer agents head for the exits. Equilibrium always is attained and the prevailing interest rate becomes the new normal. I bought my first house in late 1979 and I was delighted to get a 10% interest rate.

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