Mortgage demand slumps 13% as home-loan rates turned higher at the end of a tough 2022 for the housing market
The US housing market endured a brutal 2022, with 30-year mortgage rates soaring past 6% while the threat of a recession lingers.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Mortgage demand slumps 13% as home-loan rates turned higher at the end of a tough 2022 for the housing market

### Response: The US housing market endured a brutal 2022, with 30-year mortgage rates soaring past 6% while the threat of a recession lingers.