【CNBC】Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%

• Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
• Since last year, homebuyers’ demand for mortgages has fallen by nearly a third.
• Refinance demand also declined as rates surged on hawkish messages from the Federal Reserve.

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