Biden’s Mortgage Market Bad Wine Hangover! Mortgage Purchase Demand Down -42.4% Since 04/16/21 (Mortgage Demand Down -5.7% Since Last Week, Mortgage Purchase Demand Down -26% YoY, Mortgage Refi Demand Down -43% YoY)
by confoundedinterest17 Biden’s economy and mortgage market are like a bad wine hangover. Thanks to inflation and The Fed’s tightening to fight inflation, mortgage purchase demand is down a staggering -42.4% since April 2021. Mortgage applications decreased 5.7 percent from one …