Mortgage demand took a big step back last week, even after interest rates fell further

Econ & Housing

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesAfter a stronger start to the year, mortgage demand plunged last week, despite another drop in interest rates.Total mortgage application volume fell 9% last week compared with the previous week, according to the Mortgage…

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