Mortgage demand falls to nearly half of what it was a year ago, as interest rates continue to rise - CNBC

Fast-rising mortgage rates are shutting current borrowers out of the refinance market and potential homebuyers out of the housing market.

Mortgage demand continued to crumble last week, as mortgage rates climbed to their highest level since 2010. Total application volume fell 5% last week compared with the previous week and was nearly … [+2451 chars]

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