Mortgage demand from homebuyers is now nearly half what it was a year ago

A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020.Saul Loeb | AFP | Getty ImagesMortgage demand fell last week to nearly half what it was a year ago, according to the Mortgage Bankers Association, as rates hit their highest level in 21 years.Overall, demand…