Mortgage Applications to buy a house just collapsed to an index level of 147.📉
That's the lowest level of buyer demand in 28 YEARS.
Lower than anything we saw in the 2008 Crash.
Down 41% from last year.
(Source: Mortgage Bankers Association) pic.twitter.com/ImF8egREMs
— Nick Gerli (@nickgerli1) February 22, 2023
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