House Lattitudes! Mortgage Purchase Demand Remains Down 11% From Same Week Last Year (At Least Mortgage Rates Are Retreating)
by confoundedinterest17 We are experiencing a situation known as House Latitudes. Where mortgage rates are so high that the mortgage market is struggling to recover from Bidenomics. Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week …