Why are Mortgage Applications Spiking 25% Even as Home Sales Collapse?

Orange County Register, Jan. 19, 2023–Jeff Lazerson
Shades of predatory lending are emerging as marginal buyers, which many loan originators bypassed in the pandemic heyday, have suddenly become trophy buyers. (MBA mention)
https://www.ocregister.com/2023/01/19/why-are-mortgage-applications-spiking-25-even-as-home-sales-collapse/