Mortgage demand plummeted last week as homebuyers shied away from the housing market amid rising mortgage rates.
Mortgage loan application volume decreased by 10.6% last week on a seasonally adjusted basis when compared to the week before, according to a report Wednesday from the Mortgage Bankers Association.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
