1、0% mortgage rate is back: BOA announced a loan solution to Black and Latino communities with 0% rate, no closing cost, low or no DP, low credit score.
2、Fed’s Aug Beige Book says residential RE weakened significantly, CRE slightly, strong leading activities due to rate spike.
3、RE price Acorss Asian countries are dropping, led by New Zealand 🇳🇿, a sign of global economy cooling down per Knight Frank.
4、NY Fed Aug survey of consumer showing inflation expectation declined sharply, hope CPI number for Aug would collaborate this survey result.
5、One asset has a stellar year so far: USD, soaring 13% YOY to highest level since 2002.
6、Zillow Aug report of pending home sales cancellation around 2.8%, big jump from week to week but still very close to 2.5% cancellation in 2019 pre Covid era, not a big alarm yet.
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