Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

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None Mortgage applications just plunged to their lowest level since 1996 last week, per the MBA's latest survey. • None That comes as the 30-year mortgage rate touches 7.53% in the past week, the highest in 23 years. • None Experts say the housing affordability crisis won't improve until mortgage…

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