Behind the Housing Numbers: Mortgage Rates Are What Count

Barron’s, Feb. 26, 2023–Shaina Mishkin (subscription)
One early data point shows signs of higher rates weighing on buyer demand. The Mortgage Bankers Association’s seasonally-adjusted measurement of home purchase loan applications dropped 18% during the week ending Feb. 17.
https://www.barrons.com/articles/behind-the-housing-numbers-mortgage-rates-are-what-count-ca693bdb