June Mortgage Applications Were Down Almost 24% Year Over Year

·3 min read

The housing market has been hot since 2020, due largely to the fact that mortgage rates have been really low for a solid year and counting. In fact, buyers have been so desperate to take advantage of low mortgage rates that they've been paying record-high prices for homes. In June, applications to purchase a new home decreased 3% from May, reports the Mortgage Bankers Association.

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