Mortgage demand from homebuyers drops even as interest rates pull back to April lows
A home is offered for sale on March 22, 2024 in Chicago, Illinois.  Scott Olson | Getty Images Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, mortgage demand flattened at a weak pace. Total mortgage application volume inched up just 0.5% from one week earlier, according to...
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