Unprecedented Decline: US Home Loan Demand Hits Record Low, Alarming Trends Echo 90s
Photo: Richard Baker / In Pictures via Getty Images (Getty Images) According to a survey released today (Oct. 18) by the Mortgage Bankers Association (MBA), new applications for mortgages have fallen 6.9% from a week ago, reaching a demand low not seen since 1995. The MBA tracks changes in mortgage applications through a weekly index, …