Fox Business: A key measure of home-purchase applications fell last week to the lowest level since 1995 as high mortgage rates, surging inflation and steep home prices sapped consumer demand from the housing market. The Mortgage Bankers Association’s index of mortgage applications tumbled more than 18%, the biggest weekly drop since 2015, to 147.1 for the week ended Feb. 17, according to new data published on Wednesday (Fox Business).
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