Mortgage Applications Decrease 2.3% as Interest Rates Reach High Sixes
Mortgage applications declined by 2.3% as the 30-year fixed rate increased to 6.56%, with the purchase index seeing a notable 4% drop.
Mortgage applications declined by 2.3% as the 30-year fixed rate increased to 6.56%, with the purchase index seeing a notable 4% drop.
Mortgage quality control defects saw a significant decline in Q4, while lenders face rising eligibility issues linked to affordability and refinancing trends.
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