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US mortgage applications increased 2.2% in week ended Nov. 18 from one week earlier; Refinance Index increased 2.0%, Purchase Index increased 3.0%: Mortgage Bankers Assn
Published: November 23, 2022 by Mortgage Bankers Association
US sales of new single-family homes in October at seasonally adjusted annual rate of 632,000, up 7.5% from September but down 5.8% year-over-year; median sales price was US$493,000, for-sale inventory at end of October was 470,000: Dept. of Commerce
Published: November 23, 2022 by U.S. Dept. of Commerce
US 30-year fixed-rate mortgage averaged 6.58% as of Nov. 23, down from 6.61% last week; 30-year FRM averaged 3.10% a year ago: Freddie Mac
Published: November 23, 2022 by Federal Home Loan Mortgage Corp. (Freddie Mac)
Commentary: Softening housing prices in hottest pandemic markets confirm remote work surge created illusion of housing shortage; as buyers begin to search beyond hot markets and into more affordable sub markets, reshuffling of demand will solve 'shortage'
Published: November 22, 2022 by Business Insider
CIBC Chopping Block (Nov. 17): SPF lumber dips sub-US$400 as early stage home construction begins descent, and buyers reported to view October housing data as too optimistic; W. SPF down 7.0% week-over-week to US$400/mbf, and SYP 2x4 flat at US$455/mbf
Published: November 22, 2022 by CIBC World Markets Inc.

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