Real estate: Mortgage applications fall to 28-year low 🏠 #shorts

Mortgage demand falling for the third straight week according to the mortgage bankers Association demand dropping to a 28 year low. Overall, you see volume down 44% below the same point last year. This all is really a result of mortgage rates also rising three consecutive weeks to 6.5% on the average 30 year fixed That's the highest point since November rates were also 8.9 one year ago.

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