Came down hard in my office this morning. At least 17 heads rolled including some good friends of mine. Thankful I made it through this round... so far.
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Direct correlation with rates and production. Meat on the table but not enough for everyone to eat. I will not disclose the company, sorry. Primarily refinance, purchase market is still strong, although they are predicting a decrease in sales from last year by 3% in the southern portion of the US. I believe that is mostly due to the availability of housing though and not interest rates.
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