Soaring mortgage rates have combined with high housing prices to push homebuying out of reach for many people, causing major knock-on effects on their lives.
Mortgage applications have fallen to the lowest level in some 27 years as homebuyers shy away from rising mortgage rates that have hit highs not seen since the turn of the century.
Mortgage demand has fallen to the lowest level in 28 years as homebuyers shy away from rising mortgage rates that have hit highs not seen since the turn of the century.