International Economic

US mortgage applications plummet by 17pc

By Iain Gilbert

Date: Wednesday 16 Oct 2024

(Sharecast News) - US mortgage applications fell by 17% in the week ended 11 October, according to the Mortgage Bankers Association of America, extending the prior week's 5.1% drop.
Applications to refinance a mortgage plummeted 26%, while those to purchase a home were down 7% on the week.

Last week's...

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