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Mortgage demand plummets as interest rates soar near 7-month high

Por: Fox Business Business May 31, 2023

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Pulte Capital CEO, Bill Pulte discusses purchasing stocks for those in need and his outlook for the housing market. A key measure of home-purchase applications tumbled last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s index of fell 4.6% last week to the lowest level since February, according to new data published Wednesday. Mortgage applications declined almost five percent last week... + full article



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