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To 8%, low housing inventory, excessive home prices and suppressed mortgage demand. This has led to an overall decline in house sales and lower-than-normal mortgage origination volumes. Mortgage charges headed larger last week after the CPI inflation report, however now, with news of a wider war within the Middle East, should we count on even larger rates? Some argue that money will go into the safety of the bond market, whereas others say a wider warfare can result in higher inflation and better charges. Home sales dropped 4% in October to a brand new 13-year low, with a restricted number of houses available on the market and median costs about $391,000. Inflation is showing signs of a possible slowdown as mortgage rates fell for the fourth consecutive week.

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