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Mortgage Demand Dips to 22-Year Low

Saturday, Aug 20 2022
Lending
Written by  The Mortgage Leader

Appetite for home loans has sunk to levels not seen since the turn of the millennium. So reports The Real Deal.

MBAThe Mortgage Bankers’ Association’s seasonally adjusted index fell 2.3% in the week ending August 12 to its lowest since November 2000.

“Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability, and a gloomier outlook of the economy kept buyers on the sidelines,” MBA’s Joel Kan said in a statement,

Read the full article from The Real Deal.

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