SUMMARY: Mortgage demand was up for the third week in a row even though year-over-year comparisons fell for the week, Federal Reserve Chair Jerome Powell said they are going to do what is necessary to get inflation back to 2%, and John Auther says rising rates is impacting non-bank mortgage lenders in a way they have not experienced in the last ten years...

Sources:

• Mortgage Demand Up For Third Week In A Row
• Powell Talks Inflation
• JOHN AUTHERS: Disquiet Over the Housing Market Is Only Growing...(Bloomberg)

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