“Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%”
October 4, 2023
“…Mortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index…
Applications for a mortgage to purchase a home fell 6% for the week and were 22% lower than the same week one year ago…”
https://www.cnbc.com/2023/10/04/mortgage-demand-falls-to-lowest-level-since-1996.html