Homebuyers are Applying for Ever-Bigger Mortgages as Home Prices Soar

CNBC, May 19, 2021–Diana Olick
Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a pullback in homebuying overall. Mortgage applications to purchase a home fell 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.