Mortgage Demand CRATERS To 22 Year Low

No one can afford to buy a home at today's prices now that mortgage rates have doubled. Less people can afford the payment on even the lowest priced houses, therefore less people are applying for mortgages now than at any point in over 20 years.

https://nypost.com/2022/06/08/mortgage-demand-hits-22-year-low-as-interest-rates-rise/
https://fred.stlouisfed.org/series/MORTGAGE30US
https://www.zerohedge.com/personal-finance/us-existing-home-sales-plunge-june-affordability-collapses