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Podcast: The Tom Toole Sales Group Podcast
Episode: Interest rate locks were up in January - Tom's Take 310
Description: The sales data will help you understand what's going on in the market and the challenge that we have with a lot of the data that gets released is that there are lag indicators, meaning it's telling you what happened two or three months ago instead of what's going to happen. 🔮
There was a 32% increase in rate locks in the month of January compared to December. Which can happen when there's an executed agreement of sale, and a mortgage application has been filed. 📈
Seeing a 32% jump in the month of January is important because it shows the market's moving. 🏁
This tells me...