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, while outperforming its fourth quarter in 2019, just before the pandemic walloped travel. Carriers are still struggling with a labor shortage and a tighter supply of planes, not to mention higher fuel and materials costs, but people are eager to fly and that has trumped everything else. United sees the trend continuing, offering a stronger-than-expected outlook for early 2023.
after rates came down a little bit, showing just how sensitive the market is to rate movement. Overall demand rose 28% last week, according to the Mortgage Bankers Association, as the interest rate on the popular 30-year fixed-rate mortgage declined to 6.23% from 6.42%. Granted, a year ago, the rate was 3.64%, and demand was much stronger for purchases and refinancing.
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