Demand for big mortgages is shrinking as home prices moderate and expensive houses linger on the market

Econ & Housing

A “For Sale” sign in Crockett, California, on Tuesday, June 14, 2022.David Paul Morris | Bloomberg | Getty ImagesAs consumers worry more about inflation, fewer are buying homes — and if they are, they’re buying less expensive homes. Mortgage demand fell last week compared with the previous week, and the average loan size shrank as…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

EV Charging Infrastructure Potentially Unprepared for Cyberattacks
Construction Stone Market Worth USD 37,312.10 Million by 2030 Witnessing a CAGR of 7.8% – Report by Market Research Future (MRFR)
STOCK MARKET NEWS: Market holiday, gas declines, FTX fallout
Biden Ready to Urge Congress to Intervene in Freight Rail Fight
The latest terrible news for the stock market: The economy is booming again