International Economic

US mortgage applications slump 12.7pc

By Iain Gilbert

Date: Wednesday 23 Apr 2025

(Sharecast News) - US mortgage applications slumped 12.7% in the week ended 18 April, according to the Mortgage Bankers Association of America, extending the prior week's 8.5% drop with the sharpest decline since October 2024.
Applications to purchase a home were down 7%, despite evidence pointing to higher inventory levels, while...

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