Breaking: The Big Short is about to repeat itself
No one is paying attention to housing:1. Rates have risen for 6 straight weeks2. Mortgage applications fell 6% in a single week3. Purchase applications are down 14% from a year ago4. Refinance applications have fell 56% year over year5. Serious delinquencies (90+ days past due) just rose for the first time in 5 months, up 19% year over yearMichael Burry stated "The AI narrative and the buildout is the only thing keeping this economy going"The copyright of this article belongs to the original author/organization.
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