Demand for mortgages has gone down substantially over the past year, with the number of mortgages issued around 40% lower compared to the same time in 2021. Notably, this dramatic fall in mortgages has affected both financing for new homes, as well as people attempting to refinance their old mortgages. This decrease in mortgages being taken out is blamed on a number of factors, including rising interest rates, surging home prices and a lack of available inventory. Continue reading “Mortgage Demand Down 40% From 2021”