The Mortgage Bankers Association’s seasonally adjusted index shows that mortgage application volume fell 3.7% in the week ending September 23.
Refinance application volume dropped 11% to a 22-year low and was down 84% from a year ago.
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A measure of mortgage demand has continued to sink amid rising interest rates and growing questions about the housing market. So reports CNBC.
The Mortgage Bankers Association’s seasonally adjusted index shows that mortgage application volume fell 3.7% in the week ending September 23.
Refinance application volume dropped 11% to a 22-year low and was down 84% from a year ago.