Mortgage Applications Plunge Further – Near 19 Year Lows

Mortgage Applications Plunge Further – Near 19 Year Lows

The past 5 weeks have seen mortgage applications crumble a further 16% – their biggest such drop in 14 months as the index for home purchase applications hovers close to its lowest level since 1995. Non-seasonally-adjusted, this is the worst start to a year in over a decade. Must be the weather?

Mortgage Applications drop close to 19 year lows…

Worst start to a year for at least a decade

Chart: Bloomberg

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