The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record, both contributing to a steep drop in mortgage demand.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.75% from 6.52%.
Mortgage applications to purchase a home fell 13% for the week and were a steep 37% lower year over year.
Singapore Latest News, Singapore Headlines
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