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Real Estate

“Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand”

“The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared… Continue Reading…

Real Estate

“Mortgage applications drop to lowest level in over 2 years”

“Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association. Applications to refinance dropped 15% weekly and were 56%… Continue Reading…