Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey.
Source: Inman News
‘Inflation is still running too high’: Homebuyers stunned by rate surge
Published in ARM loans, for-sale inventory, inflation, inventory, Markets & Economy, Mortgage, Mortgage & Alternative Financing Month, mortgage rates, mortgage shopping and Theme Months
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