Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Econ & Housing

A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesMortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates.Total mortgage application volume fell 8.3% last week…

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