In terms of pre-approvals, it's usually a sign of bidding wars. It's usually a sign that the market's becoming more competitive and that people are concerned about affordability.
On June 3rd, 2024. See this statement in context.
On June 3rd, 2024. See this statement in context.
Mortgage Broker and Chief Operations Officer, Mortgage Outlet Inc.
In terms of pre-approvals, it's usually a sign of bidding wars. It's usually a sign that the market's becoming more competitive and that people are concerned about affordability.
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