Mortgage demand drops to 27-year low as interest rates pull back
PUBLISHED WED, SEP 6 20237:00 AM EDTUPDATED WED, SEP 6 20237:37 AM EDT
By:Diana Olick
After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand.
Total mortgage application volume fell 2.9% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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