Dip in Mortgage Rates Not Slowing Housing Bust 2: Mortgage Lenders Sing the Blues

January 11, 2023

WolfStreet, Jan. 11, 2023–Wolf Richter
Mortgage applications to purchase a home are a forward-looking indicator of where home sales volume will be. Existing home sales that closed in November already plunged by 35% year-over-year, the 16th month in a row of year-over-year declines, making for a historic plunge. And mortgage applications went into the wrong direction from there, despite the dip in mortgage rates. (MBA mention)
https://wolfstreet.com/2023/01/11/dip-in-mortgage-rates-not-slowing-housing-bust-2-and-mortgage-lenders-sing-the-blues