Mortgage demand plummets as interest rates soar higher
Home-purchase applications plummeted 8.8% last week as higher mortgage weighed on demand, according to a new survey from the Mortgage Bankers Association.
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### Instruction: Mortgage demand plummets as interest rates soar higher

### Response: Home-purchase applications plummeted 8.8% last week as higher mortgage weighed on demand, according to a new survey from the Mortgage Bankers Association.