Real Estate Woes: High Interest Rates are Cutting Mortgage Applications
The Mortgage Banker's Association (MBA) reported on April 14 that mortgage applications for new home purchases fell. They declined by 5% from a year ago in March and by 10% from February 2022, a month earlier.
Mark HakeMark Hake is a financial analyst, investor, and Chartered Financial Analyst (CFA). He writes about US and foreign stocks as well as cryptos, hedge funds, and private equity. He previously ran his own hedge fund, investment research firm, and acted as CFO for a fintech startup. He focuses on finding value, arbitrage, and hidden asset opportunities.