Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index.
Source: Inman News
Mortgage rates pass 6% as demand for loans continues dramatic fall
Published in Banking & Lending, loan activity, Markets & Economy, mba, Mortgage, mortgage applications, mortgage bankers association, mortgage rates, News Brief, purchase loans and Select
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