Mortgage Demand Drops To 20+ Year Low

Mortgage demand has reached a 20+ year low in the United States. In just the past week, demand has dropped 6% making the drop in the last 12 months almost 20%.

With interest rates continuing to rise as the Federal Reserve hopes too tame inflation and reset the housing market — look for mortgage demand to decrease even more.

This post is based on the opinion of writers at Real Estate Today.