Here’s a visual illustration of what is happening (and why) in the for-sale existing home market across the country.

3 Years in the Life of a $300,000 House

Year          Price         30-year Fixed Rate           Monthly Payment

2019         $300,000          4.33%                                  $1,192

2020         $315,000          3.41%                                  $1.119

2021         $362,250          3.15%                                  $1,245

2022         $438,322          5.5%                                    $1,991

(Mortgage payments do not include taxes and insurance.)


Please choose one answer:

1) I am ready to join EXP Realty. 

2) I am interested in EXP Realty and need more info. 

3) I am not interested in EXP Realty. 


* If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please)

* If you answered “#2” please watch the videos and check out the other intel on this site. . 

* If you answered ‘#3’ no worries. You will want to check out so you can at least know what EXP Realty is and why so many agents are moving to EXP. 

Mortgage Demand Slides Even as Rates Pull Back

Last week, mortgage interest rates dropped to 5.49% from 5.49% with points decreasing to 0.60 from 0.74 (including origination fees) on loans with a 20% down payment.

Even with this slight drop in rates, applications for purchase mortgages were flat w/w.  For the year, however, purchase applications dropped -16% y/y, according to the Mortgage Bankers Association. 

 Refinance applications continued spiraling downward.  Refi applications dropped -2% w/w and were down -75% y/y.

Joel Kan, the MBA’s associate vice president of economic and industry forecasting said, “Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks.  Compared to January 2022, refinance activity is down -66%.”

Mortgage Demand Now Close to Lows of Spring 2020

The onslaught of the COVID pandemic essentially shut down the housing market in the Spring of 2020.  Mortgage demand from homebuyers collapsed to unprecedented lows…and now, due to the combination of climbing interest rates and relentlessly increasing home price growth, current mortgage demand is close those lows of Spring 2020.

Potential homebuyers, particularly first-time homebuyers, are jumping onto the sidelines of the housing market rather than into for-sale homes due to high prices and substantially higher monthly mortgage payments.

URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available. 

Thanks to the Mortgage Bankers Association and CNBC.

Claim Your FREE Real Estate Treasure Map!