Mortgage demand drops as bank failures hit jumbo loan rates
PUBLISHED WED, MAY 3 20237:00 AM EDT
Mortgage demand from homebuyers has been erratic to say the least during the usually busy spring housing market. That is likely because today’s buyers are hypersensitive to mortgage rates, which have been fluctuating widely week to week but which are still considerably higher than they were a year ago. Now, several bank failures are starting to make it more difficult even for wealthier buyers…Continue Reading
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