Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb

Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb

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A townhouse for sale in the Upper East Side neighborhood of New York City. Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped 1% last week compared to the previous week, according to the Mortgage…

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