Mortgage demand just hit its lowest level since December 1996.
Existing home sales are now down 16.6% this year, their lowest since 2010.
As rates skyrocket, mortgage providers are beginning to feel the pain.
Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/DepabEqIDV
— The Kobeissi Letter (@KobeissiLetter) August 24, 2023