Mortgage Demand Falls to 28-Year Low
The Pro Builder
AUGUST 23, 2023
Mortgage Demand Falls to 28-Year Low ldeakins Wed, 08/23/2023 - 11:54 Rising interest rates are causing a growing number of prospective buyers to think twice about buying As mortgage rates rose to a two-decade high last week, mortgage demand from homebuyers fell to its lowest level in 28 years, CNBC reports. Applications for a mortgage to purchase a home dropped 5% for the week and were 30% lower than the same week one year ago, while applications to refinance a home loan decreased 3% for the we
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