Demand for Big Mortgages is Shrinking as Home Prices Moderate and Expensive Houses Linger on the Market

CNBC, July 13, 2022–Diana Olick
Mortgage applications to purchase a home fell 4% for the week and were 18% lower than the same week one year ago. “Purchase applications for both conventional and government loans continue to be weaker due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA economist Joel Kan.
https://www.cnbc.com/2022/07/13/demand-for-big-mortgages-is-shrinking-as-expensive-homes-linger.html