Mortgage applications in the United States decreased 6.3 percent for the week ending July 15 compared to the previous week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.
Mortgage demand fell for a third week in a row to the lowest point since 2000 as high inflation and interest rates hammered American consumers, putting a damper on the housing market, Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a news release.
