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Savet t1_iwwnc3k wrote on November 18, 2022 at 10:26 PM

Reply to comment by Bocephuss in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

You aren't missing anything. Everybody that rushed to buy at super low rates was essentially just buying the rate down with the inflated purchase price. Now we have a bunch of people that have never seen real interest rates freaking out.