Mortgage demand from homebuyers drops to a 28-year low as interest rates soar

Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.Nathan Howard | Bloomberg | Getty ImagesMortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years.Total mortgage application volume fell 4.2% last week, compared with the...

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