The number of mortgages originated in the fourth quarter tumbled to a nine-year low as inflation drove home-loan rates above 7%, according to a report on Thursday.
Mortgage Lending Tumbled To Nine-Year Low After Inflation Fueled Soaring Rates
The number of mortgages originated in the fourth quarter tumbled to a nine-year low as inflation drove home-loan rates above 7%, according to a report on Thursday.