Mortgage demand drops as interest rates rise, economy remains resilient by Neil Pierson for HousingWire
HousingWireHousingWire After reaching their highest level since July 2022, mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% on a seasonally adjusted basis during the week…
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