Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher

Econ & Housing

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade.David Paul Morris | Bloomberg | Getty ImagesTotal mortgage application volume was 52.7% lower last week than the same week one…

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