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Mortgage purchase applications fall to lowest level since 1995

By Zach Halaschak
Published February 22, 2023 4:45pm ET
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Mortgage purchase applications fall to lowest level since 1995
A "sale pending" sign is posted outside a single family home in a residential neighborhood, Wednesday, July 14, 2021, in Derry, N.H. Mortgage rates were mixed this week. The benchmark 30-year loan fell for the third straight week amid lingering concerns over the recent surge in inflation. Mortgage buyer Freddie Mac reports that the average for the 30-year home loan eased to 2.88% from 2.90% last week, down from its peak this year of 3.18% in April. | (Charles Krupa/AP)

Mortgage loan applications last week fell to the lowest level since 1995 as mortgage rates rose, the Mortgage Bankers Association reported Wednesday.

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Finance Housing Interest Rates mortgages Real Estate