Mortgage demand drops to the lowest level in three months
PUBLISHED WED, MAY 31 20237:00 AM EDTUPDATED WED, MAY 31 20237:34 AM EDT
Diana Olick
Mortgage rates shot higher last week, as stronger economic data stoked more fear that the Federal Reserve will not lower interest rates anytime soon. In turn, mortgage demand dropped to the lowest level since the end of February.
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