There are growing fears that we are in a recession already. Larry Fink, the CEO of BlackRock, John Mauldin, and Lacy Hunt all believe we may already be in a recession.

The Federal Reserve may be stepping in sooner than later.

University of Michigan Consumer Sentiment has plunged to 50.8 the lowest level since June 2022 with the index measuring expectations fell to 47.2 the lowest since May 1980.

The Bond Market is not happy and has responded accordingly. 10y UST is over 4.51. last week it was closer to 3.80. This rise drives Mortgage rates up.

But still holding onto rates from beginning of the year.

http://www.YourApplicationOnline.com