Mortgage demand falls to the lowest level since 1995 as interest rates near 8%

by anastasiakaufman-chime-me

PUBLISHED WED, OCT 18 20237:00 AM EDTUPDATED WED, OCT 18 20237:40 AM EDT By: Diana Olick

Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021.
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021.Andrew Kelly | Reuters

Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995.

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