Economics
U.S. Home Loan Applications Tumble to Lowest Since 2019
This article is for subscribers only.
A gauge of U.S. home loan applications fell last week to its lowest level since the end of 2019, indicating higher mortgage rates are becoming a greater headwind for the housing market.
The Mortgage Bankers Association’s index slumped 13.1% in the week ended Feb. 18 to 466.4, the Washington-based group said Wednesday.