Mortgage Applications Down To 22-Year Low Due To Inflation And Rising Interest Rates

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In: Mortgage News

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The pain in the mortgage market is only getting worse as higher interest rates and inflation weigh on the American consumer. Demand for mortgages fell more than 6% last week from the previous week, hitting the lowest level since 2000,Continue Reading

Mortgage applications have dropped 4%

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In: Mortgage News

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While the rates for 30-year fixed mortgages rose from 3.15% to 3.18%, mortgage applications have fallen on a seasonally adjusted week-over-week basis by 4.2%. On the other hand, the numbers dropped by 4% on an unadjusted basis. The refinance indexContinue Reading