SUMMARY: There were more housing flips in Q1 but those flipping saw their profit margins fall to the lowest level in 13 years, mortgage rates continue their climb, and the labor market remains tight but are job offers being rescinded a sign it is beginning to loosen up...

Sources:

• Home Flipping Spikes Across U.S. in First Quarter of 2022 But Profits Drop to 13-Year Low
• Mortgage Rates Continue to Rise, Hitting 5.81%
• U.S. labor market remains tight; business activity slowing
• More Companies Start to Rescind Job Offers

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201