US Mortgage Rate Nears 8%, Further Suppressing Housing Demand
(Bloomberg) -- A measure of applications to finance home purchases slid to the lowest level since 1995 as mortgage rates approached 8%, underscoring how mounting affordability challenges are crimping demand.Most Read from BloombergTrump Signals Support for Johnson’s Bid to Become House SpeakerIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeNobody Wants Mutual Funds NowBig Tech Earnings Whipsaw QQQ in La