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According to lead analyst Logan Mohtashami, the US housing market is savagely unhealthy, primarily due to high mortgage rates, low inventory, and unsustainable price growth over the past few years. This savagely unhealthy market has all but dried up mortgage refinance opportunities, and has also made the purchase market fiercely competitive.
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Brian Covey, former pro soccer player and VP of regional production at loanDepot, has moved to Revolution Mortgage.