[smart_track_player url="http://traffic.libsyn.com/rebelbroker/RER20171102THU.mp3" title="Interest rates are NOT why less mortages are happening" social_linkedin="true" social_pinterest="true" social_email="true" ] Why does the media insist on blaming interest rates when mortgage origination drops? Once again we see a dip in the number of mortgage originations but most media outlets want to blame that on higher interest rates. Today, we will review why that is total nonsense. We will also talk about another time honored number that is no longer valid today - and it has HUGE effects on the buying and selling cycle in the market. Also, we find that once again home prices are higher - but there is no real surprise there. Finally, I got it wrong. I made a prediction for October 2017. Now that October is behind us, it is clear that I was 100% wrong. We will chat a bit about that as well. Todays Links: http://realtormag.realtor.org/daily-news/2017/10/31/report-average-owner-stays-put-for-10-years http://www.calculatedriskblog.com/2017/10/case-shiller-national-house-price-index.html https://www.cnbc.com/2017/11/01/weekly-mortgage-applications-fall-as-rates-move-even-higher.html http://www.zerohedge.com/news/2017-11-01/its-official-october-was-calmest-stock-market-month-ever http://www.mortgagenewsdaily.com/mortgage_rates/ HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled "Take the survey to support the show". Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card! Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word 'rebelbroker' to 44222 - or click the button below. When prompted, text your email address and you are in! JOIN THE REBEL UNDERGROUND! SPONSOR Audible.com - Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening! SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL!