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Mortgage Demand Drops as Interest Rates Hit a 2-Month High

May 17, 2023

CNBC, May 17, 2023–Diana Olick
Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2023/05/17/mortgage-demand-drops-as-interest-rates-hit-a-2-month-high.html

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