Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
July 20, 2022 at 08:13 AM EDT
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally … Source
