US Mortgage Applications Drop Another 2% To Lowest Level Since 1997 As Fed Tightens Monetary Policy To Fight Bidenflation

12 October 2022

Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022. As mortgage rates soar with Federal Reserve tightening.

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