MARKET DAILY

Market 9/18: Labor market gradually cooling, oil prices continue to rise

Labor market cooling, but no large-scale layoffs. Buying a home is currently becoming a luxury.

Strong home price increases make current home buying 30% more difficult than in 2008. Average monthly payment is about to exceed 3,000 USD, a record high

Mortgage rates hit 7.5% peak, highest in 20 years, while the effective rate recorded on home purchase loan contracts is 3.5% further pressuring housing supply.

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