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…

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