Mortgage Applications Collapse Most Since March 2020 COVID Crisis
Mortgage applications collapsed 13.1% week-over-week, the worst drop since the heart of the COVID lockdown crisis in March 2020… Source: Bloomberg As MBA reports, the Refinance Index plunged 16% from the previous week and was 56% lower than the same week one year ago. But most notably, the seasonally adjusted Purchase Index tumbled 10% from one week …
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