MBA Applications Sink To Lowest Since 1999 (Purchase Applications Down 23% YoY As Fed Tightens)

The monetary noose tightens on the housing and mortgage markets. Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2022. They are now the lowest since 1999.

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