Elevated Rates, Inflation Put Downward Pressure on Mortgage Applications This Week
As mortgage rates and inflation remain elevated due to rising oil, gas and energy prices from the Middle Eastern conflict, the latest data from Mortgage Bankers Association (MBA) saw mortgage applications fall this week. MBA’s Weekly Mortgage Applications Survey saw mortgage applications decrease by 2.3% from one week prior, a 3% decrease on an unadjusted…
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