As Housing Boom Begins to Fizzle, Weekly Mortgage Demand Falls Nearly 7%

CNBC, June 30, 2021–Diana Olick
Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to the Mortgage Bankers Association’s seasonally adjusted index. That is the lowest level in almost a year and a half.