Mortgage applications fell 13.3% in the latest week, the Mortgage Bankers Association said.
Buyers are very sensitive to rate changes, which is affecting mortgage demand severely. ISTOCK
The numbers: Mortgage demand fell off a cliff as higher rates spook would-be home buyers.
Demand for mortgages fell 13.3% in the latest week as rates go back to highs last seen in November.
Read more here: https://www.marketwatch.com/story/mortgage-demand-plunges-as-rates-take-off-and-buyers-flee-e5abee6f?mod=home-page
