Mortgage Apps Drop as Rates Rise Sharply

-In the last six weeks, the 30-year fixed mortgage rate has increased steadily, reaching 7.70%.
-As a result of these higher rates, mortgage applications have declined, hitting their lowest level in 23 years.
-Despite the recent rise in rates, experts believe that the housing market will remain strong in the coming months.

You can read this full article at: https://www.housingwire.com/articles/mortgage-applications-sink-to-1995-levels-as-rates-soar/(subscription required)

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