Mortgage Applications Hit ‘Lowest Since 1995,’ Says Reventure CEO; Nearly $2,800 Monthly Payments Weigh on Buyers
Nick Gerli says U.S. mortgage purchase applications have fallen to their lowest level since 1995 as home prices and mortgage costs weigh on affordability.
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Why It Matters
Fewer people are buying homes right now because houses cost a lot. When fewer people buy homes, companies that sell houses and materials struggle.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.