Sanyatti
Member
US banks' real estate loans have soared, per Bloomberg.
US mortgage rates have now declined to 6.13%.
This is the third weekly decline in a row.
Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September, per CNBC.
Home prices will increase 0.3% to $385,800 next year from an estimated $384,500 in 2022, per the National Association of Realtors.
Global property market faces $175 billion debt spiral, per Bloomberg.
Bank of America , $BAC, CFO: I see consumer credit-card delinquencies drifting higher.
Bank of America, $BAC, CEO Brian Moynihan expects a "mild recession" in 2023.
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