Decline in US Home Filings and Mortgage Applications

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– Quote 1: US homes filings reach their lowest level since 1995
– Quote 2: U.S. home mortgage applications hit a nearly 30-year low, driven by increasing loan costs.
– Quote 3: The Mortgage Bankers Association’s Home Application Index drops 5% to 142, hitting its lowest point since 1995. Additionally, the contract rate on 30-year fixed mortgages increased by 15 basis points to 7.31%, the highest since late 2000.
– Quote 4: Refinancing activity decline leads to a 4.2% decrease in overall demand for mortgages. Meanwhile, mortgage prices keep rising, with the 30-year fixed rate estimated to be close to 7.5% by Mortgage News Daily.

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