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closing programs

Buyer power shifts as affordability falters

July 15, 2022 ARMs, closing date promise, closing programs, inflation, quick close advantage, rates, TBD locks, the morty report

July 15, 2022. Last month, nearly 15% of purchase agreements in the U.S. fell through before closing – a possible signal that buyers are gaining more negotiating power amid the market slowdown.

Shrinking average mortgage indicates opportunity, but not falling prices

July 8, 2022 ARMs, closing date promise, closing programs, Federal Reserve, homeready, mortgage applications, quick close advantage, rates

July 8, 2022. Rates are volatile this week, heading up mid-week after dropping for two weeks in a row on the heels of some positive inflation data.

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Morty is a licensed mortgage broker. NMLS ID # 1429243. NMLS Consumer Access. All loans originated by Morty are funded by third party lenders. Morty, Inc. is authorized to do business as “Morty” in certain states. Morty is an equal housing lender.

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