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Mortgage Demand Index Sinks to 22-Year Low

Sunday, Jun 12 2022
Lending
Written by  The Mortgage Leader

Appetite for mortgages has continued to fall as mortgage rates rebound from a May slip and home listings remain scarce. So reports CNBC.

arrow 306811 640 smallAccording to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application was down 6.5% in the week ending June 3, reaching its lowest point in 22 years.

“Only government refinances saw a slight increase last week,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement.

Read the full article from CNBC.

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