Market Analysis
US Mortgage Applications Slump in Face of 40-year High Inflation
Mortgage demand falls to its lowest level in 22 years due to record-high inflation and a series of interest rate hikes.
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XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
The 30-year mortgage rate rose to 7.48% this week, marking the highest level in 20 years.
Mortgage demand falls to its lowest level in 22 years due to record-high inflation and a series of interest rate hikes.
China limited access to data sources reporting nationwide mortgage boycotts, forcing homeowners and investors to share the real extent of the crisis on GitHub.
US mortgages post a massive weekly decline since 2008 without any increase in demand from homeowners and potential buyers.
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