Higher Mortgage Rates, Economic Uncertainty Behind Declining Home Purchase Applications

HousingWire, July 19, 2022–Connie Kim
New home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from the Mortgage Bankers Association. Month over month, application volume dipped by 10%.
https://www.housingwire.com/articles/higher-mortgage-rates-behind-declining-home-purchase-applications/