Mortgage Rates Hit 6% for the First Time Since 2008

The Storyy Trend Report 09/19/2022

Trend report

Just a little bit of everything this week!

Can I interest you in some mortgage news? Fashion perhaps? New rap music?

In this weeks edition

  • Mortgage rates hit 6%
  • Youtube Shorts have taken off on the platform.
  • New York Fashion Week 2022 sparks funny videos.

Mortgage Rates Hit 6% for the First Time Since 2008, While Applications Fall to Lowest Level Since 1999

A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home.

With rates doubling from where they were a year ago, demand from buyers continues to weaken, as reflected in the Market Composite Index, a measure of mortgage application volume.

The index is now at its lowest level since December 1999, the Mortgage Bankers Association (MBA) said on Wednesday.

The market index fell 1.2% to 255 in the week ending September 9. A year ago, the index stood at 707.9.

Rates hitting 6% is a significant milestone, albeit a negative one, for buyers. Mortgage rates are now at the highest level since November 2008.

Higher rates have pushed buyers to rethink refinancing and contributed to other prospective buyers’ staying on the sidelines, the MBA said.

Yet there’s still a silver lining in the data. Government loans, which many first-time buyers tap on, bucked the trend and in fact, increased week over week, the MBA said.

Video Prompts

  • How will these increased rates effect home buyers? Sellers?
  • What advice would you give someone looking to purchase a home?
Trend report

Most Youtube Top 50 channels using Shorts

More than half of Youtube’s top 50 list is using Shorts as their primary posting form on the Platform. Youtube started using Shorts to mimic TikTok’s shorter and catchier content form, and it has clearly worked.

Trend report

New York Fashion Week

Every September brings New York Fashion Week, and with it,  a good amount of hilarious videos and pictures of the latest and greatest NYFW 2022 has to offer. Check out the videos below and maybe it will spark your next fashion trend video.

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Sensual Seductions

This soundbite from the Song Sensual Seductions by Snoop Dogg has been a hit this week. 

How to do the trend? Every time the music beat changes show you (or switch between you and someone else) being “seduced” by the idea of something. It doesn’t need to be sexual, you can make it funny! Check out the example below. Don’t forget to give a bit of a dance at the end when Snoop starts singing for some added laughs.


Getting married makes 8pm the new 1am

♬ Sensual Seduction - Snoop Dogg

Who else can relate? 😌

♬ Sensual Seduction - Snoop Dogg
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8 0 8

Check out this week’s #1, “8 0 8” by J€AN-MARC for a fun and trending song.

It has a unique beat and is a great hype song, especially for business accounts. Use it on TikTok or Instagram to show the coolest version of yourself, your team, or your company, in order to give your content a boost.

Trend report

Creators Block?

Having a hard time coming up with ideas for your latest videos? It can be hard to constantly come up with new ideas for your content. Consistency is key though!

Check out our 25 free video hooks. You don’t have to use them all but, they might just get your creative juices flowing and get you back to creating more great content.

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